Ask Question
23 October, 08:42

Petes unpaid credit card balance is 3529.30. His apr is 18.6% and he made one new transaction for 148. what is his new balance

+3
Answers (1)
  1. 23 October, 08:51
    0
    Previous balance = 3529.30

    APR = 18.6%, thus monthly interest rate = 18.6 / 12 = 1.55%

    Previous balance + interest = 3529.30 (1 + 0.0155) = 3584.00

    New balance after transaction = 3584.00 + 148 = 3732.00
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Petes unpaid credit card balance is 3529.30. His apr is 18.6% and he made one new transaction for 148. what is his new balance ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers