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Tyler’s credit card statement shows a previous balance of $6834.53, a payment of $200, and a new transactions totaling $375. His APR is 20.2%. What is his new balance? What can he do to decrease his credit
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Tyler’s credit card statement shows a previous balance of $6834.53, a payment of $200, and a new transactions totaling $375. His APR is 20.2%. What is his new balance? What can he do to decrease his credit card debt?

User X Slash
by
8.7k points

1 Answer

4 votes
New balance
6,834.53−200+375+(6,634.53×0.202)
=8,349.70
User Jeremy John
by
8.1k points
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