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Brads 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?

Brads 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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1 vote
Brads 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 Tashakori
by
7.8k points

2 Answers

2 votes

Answer:


3140.93 is the answer


User Giovanni Londero
by
7.9k points
5 votes
New balance = 2592.35(1 + 0.186) - 75 + 432 = 3074.53 - 75 + 432 = $3431.53
User Dhevendhiran M
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8.0k points
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