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10 August, 10:47

Brians statement shows a previous balance of $4248.64, a payment of $250, and new transactions totalling $326. What is his new balance if his APR is 12.3%

A. $3998.64

B. $4365.63

C. $4368.97

D. $5064.47

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Answers (1)
  1. 10 August, 11:08
    0
    New balance

    4,248.64-250+326 + (3,998.64 * (0.123/12))

    =4,365.63
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