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Jeremiah has a previous balance of $594 on a credit card with a 12.7% APR compounded monthly. If he made a payment of $25 this month, what is the new balance on his credit card? A) $575.29 B) $644.44 C)
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Jeremiah has a previous balance of $594 on a credit card with a 12.7% APR compounded monthly. If he made a payment of $25 this month, what is the new balance on his credit card?

A) $575.29
B) $644.44
C) $569.00
D) $669.44

User NANNAV
by
8.4k points

2 Answers

1 vote

Answer:

the answer is A.575.29

Explanation:

User Pradeep Rajkumar
by
7.6k points
5 votes
You can calculate here and then subtract 25 I got $575.29 but see what you get.
User Matteo Collina
by
7.6k points
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