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Brad's statement shows a previous balance of $2592.35, a payment of $75, and new transactions totaling $432. His APR is 18.6%. What is his new balance?
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Brad's statement shows a previous balance of $2592.35, a payment of $75, and new transactions totaling $432. His APR is 18.6%. What is his new balance?

User Louis Coulet
by
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2 Answers

0 votes

Answer:

3140.93 is the answer

Explanation:


User Tahsintahsin
by
8.3k points
2 votes
New balance = 2592.35(1 + 0.186) - 75 + 432 = 3074.53 - 75 + 432 = $3431.53

Hope this helps
User Firas Dib
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8.0k points
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