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Marco's unpaid credit card is $4332.75. His APR is 18.6%. What is his new balance if he made one new transaction for $432?
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Marco's unpaid credit card is $4332.75. His APR is 18.6%. What is his new balance if he made one new transaction for $432?
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Apr 5, 2018
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Marco's unpaid credit card is $4332.75.
His APR is 18.6%.
What is his new balance if he made one new transaction for $432?
Mathematics
high-school
Tobias Schula
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Tobias Schula
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First, add the new transaction made to the previous unpaid credit card value. The sum will be,
$4764.75
Then, add the APR value by multiplying the amount above by 1.186. This will give us an answer of,
$5651
Salw
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Apr 9, 2018
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Salw
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