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15 April, 16:31

You have a credit card balance of $1407.64. If you make a payment of $75.00 and the credit card company is charging you 1.4% monthly. What will be your remaining balance on the next statement?

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  1. 15 April, 16:51
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    Okay so basically your next months credit card charge will be 100% of your previous balance plus an added 1.4%. Which is 101.4%. Then you subtract the $75 from that balance.

    Is. =. %

    Of. 100

    X = 101.4

    (1407.64). 100

    Cross multiply

    100x = 142734.696

    Divide by 100

    1427.34696 - 75 (the money you are going to pay)

    =1352.34696

    Which will be approximately 1352.35
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