Question

Adele palmer’s charge account statement showed a previous balance of $1,500 , a finance charge of $5, new purchases of $150, and a payment of $80,00 what Is her new balance?

Answer 1

New Balance = $1,575.00

Explanation:

We can find Adele's new balance by adding the amounts she is charged to her previous balance and subtracting the amount she has paid so far:

Previous balance = $1,500.00

Finance charge = + $5.00

New purchases = + $150.00

Updated Total = $1,655.00

Payment = - $80.00

New balance = $1,575.00