Question

Credit Card StatementPrevious Balance $120.00Finance Charge$15.00Calculate the newbalance on thisaccount after thesecharges andpayments areapplied.New Purchases$200.00Payments$(300.00)Credits$0.00A. $35.00B. $635.00D. $395.00C. $235.00Acelhus La

Answer 1

Given

Previous Balance -$120.00

Finance Charge - $15.00

New Purchases - $200

Payments - $(300.00)

Credits - $0.00

Find

New balance in his account

Step-by-step explanation

As we know the formula of finding the new balance is given by

Previous balance + Finance Charge + New Purchases - (Payments + Credits)

`\begin{gathered} 120+15+200-(300+0) \\ 335-300 \\ 35 \end{gathered}`

Final Answer

New balance = $35

so, the correct option is A