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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asked Jan 13, 2019 58.9k views

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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?

Mathematics
high-school

Louis Coulet asked

by Louis Coulet

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2 Answers

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Answer:

3140.93 is the answer

Explanation:

Tahsintahsin answered Jan 14, 2019

by Tahsintahsin

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New balance = 2592.35(1 + 0.186) - 75 + 432 = 3074.53 - 75 + 432 = $3431.53

Hope this helps

Firas Dib answered Jan 19, 2019

by Firas Dib

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