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Allen's unpaid credit card balance was $3,426.67 his APR is 16.8% what is his new balance after he makes one new transaction for $235

Allen's unpaid credit card balance was $3,426.67 his APR is 16.8% what is his new balance after he makes one new transaction for $235
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1 vote
Allen's unpaid credit card balance was $3,426.67 his APR is 16.8% what is his new balance after he makes one new transaction for $235

User Matt Hatcher
by
7.7k points

2 Answers

5 votes
your answer would be $3,395.00. Hope this helps! :)
User Yury Fedorov
by
8.6k points
1 vote
New balance
3,426.67+3,426.67×(0.168
÷12)+235=3,709.64
User Maduro
by
7.7k points
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