173k views
5 votes
Previous balance = $179.32 Annual rate = 16% Finance charge = $ New purchases = $117.42 Payments/credits = $85.00 New balance = $

User GAVD
by
8.6k points

2 Answers

7 votes

Answer:

2.39

214.13

Explanation:

odyssey ware

User Dread Boy
by
8.6k points
4 votes
First we should calculate the amount of the finance charge
Finance charge=179.32×(0.16÷12months)
=2.39

New balance= previous balance-payments/credit+finance change+New purchases

New balance=179.32−85+2.39+117.42
=214.13

Good luck!
User Kadaan
by
8.4k points