Question

Previous balance = $102.35 Finance charge = $1.24 New purchases = $15.73 Payments/credits = $12.00 New balance = $______

Answer 1

$97.38

Explanation:

Subtract the finance charge and new purchases from the previous balance.

102.35 - 1.24 - 15.73 = 85.38

Add the payment/credit

85.38 + 12 = 97.38

Answer 2

$107.32

Explanation:

Given

New balance = previous balance + finance charge + purchases - payments

Previous balance = $102.35

Finance charge = $1.24

Purchases = $15.73

Payments = $12.00

Find

New balance

Solution

Fill in the given information and do the arithmetic.

... New balance = previous balance + finance charge + purchases - payments

... New balance = $102.35 + $1.24 + $15.73 - $12.00

... New balance = $107.32