On Kathleen's credit card statement get last balance was $89.70. She made a payment of $20, had new charges totaling $32.11, and

Question

scZoUnD [109]

3 years ago

11

On Kathleen's credit card statement get last balance was $89.70. She made a payment of $20, had new charges totaling $32.11, and

pays a periodic rate of 1.23%. What is Kathleen's new balance

Mathematics

1 answer:

Leona [35] · Answer 1 · 2022-04-04T14:47:24+03:00

Leona [35]3 years ago

5 0

Hi there

Amount financed
89.70−20=69.7

Finance charge
69.7×(0.0123)=0.86

New balance
Previous balance-payment+finance charge+New charge (new transaction)
89.7−20+0.86+32.11
=102.67

Hope it helps