Derrick's statement shows a previous balance of 3264.75, a payment of 180, and new transactions totaling 134. What is his new balance if his APR is 13.2%

3084.75

3218.75

3252.68

3805.84

Hi there

New balance=previous balance-payment+finance charge+New transaction

We should first to find amount financed to calculate the finance charge

So

Amount financed

Previous balance-payment

3,264.75-180=3,084.75

Finance charge

Amount financed*monthly rate

3,084.75 * (0.132:12) = 33.93

New balance

3,264.75-180+33.93+134

=3,252.68 ... answer

Good luck!