Rashawn18
contestada

Gary 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 :

nobillionaireNobley
New Balance = 2543.32(1 + 0.174/12) + 320 = 2543.32(1.0145) + 320 = 2580.20 + 320 = $2900.20
lhmarianateixeira

In this exercise we have to use the knowledge of finance to calculate the new balance of values, this will be equal to:

Letter A

Organizing the information given in the statement we find that:

  • credit card balance is $2543.32
  • His APR is 17.4%
  • made one new transaction for $320

Thus, performing the calculations as:

[tex]2543.32(1 + 0.174/12) + 320 = 2543.32(1.0145) + 320 = 2580.20 + 320 = $2900.20[/tex]

See more about finances at brainly.com/question/10024737