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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?

User Tobias Schula
by
8.1k points

1 Answer

2 votes
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
User Salw
by
8.4k points
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