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Gary's unpaid credit card balance is $2543.32. His APR is 17.4%, and he made one new transaction for $320. What is his new balance?
A) 2900.20
B) 3020.46
C) 3305.86
D) 3442.34

Respuesta :

Americ
Find current interest:
=$2543.32 * 17.4%
=2543.32 * 0.174
=442.537

Add the interest to the current balance:
=2543.32 + 442.537
=2985.857

Add new transaction:
=2985.857 + 320
=3305.857 rounded to 3305.86

The answer is C) $3305.86

Hope this helps! :)

Answer:

New Balance = 2543.32(1 + 0.174/12) + 320 = 2543.32(1.0145) + 320 = 2580.20 + 320 =

Step-by-step explanation:


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