Question

You owe $225.45 on your credit card. You make a $55.00 payment on your credit card, and then purchase $87.98 worth of clothes at Macy's. What is the integer that represents the balance owed on the credit card?

Answer 1

The balance amount owed on the credit card altogether = $258.43

Explanation:

Here, the current amount owed on the credit card = $225.45

Now, the amount of payment made to the credit card = $55.00

So, the remaining amount owed = Current Debt - Paid Amount

= $225.45 - 55 = $170. 45

Again, the purchase amount at Macy's = $87.98

⇒ New amount owed on credit card = Previous Debt + New Purchase

= $170. 45 + $87.98 = $258.43

Hence, the balance amount owed on the credit card = $258.43