Abby's credit card statement shows a balance of $135.50 at the beginning of the month. During the month she makes purchases of $
63.83. Each month a 1.5% interest charge is added to the statement balance. Abby then makes a payment of $50.00. What is her new balance?
1 answer:
Answer:
<h2>$19.64</h2>
Step-by-step explanation:
Step one:
given data
initial balance= $135.50
1.5% interest charge=0.015 of 135.5= $2.03
purchases= $63.83
payment=$50.00
Step two:
at the beginning of the month, the balance after the %1.5 tax will be
=135.5-2.03=133.47
Also the purchase and the payment amount to 63.83+50=$113.83
the new balance after purchases and payment is
=133.47-113.83
=$19.64
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