Question

Sally Rose’s charge account statement showed a previous balance of $6,472.82, a finance charge of $12.95, new purchases of $1,697.08, and a payment of $4,900.50. What is her new balance?

a) $3,282.35
b) $4,982.35
c) $3,282.43
d) $4,982.43

Answer 1

To calculate Sally Rose's new balance, add the previous balance, finance charge, and new purchases, and then subtract the payment. The new balance is $8,282.35. Therefore, the correct option is d) $4,982.43.

Step-by-step explanation:

To calculate Sally Rose's new balance, we need to add the previous balance, finance charge, and new purchases, and then subtract the payment.

New balance = previous balance + finance charge + new purchases - payment

New balance = $6,472.82 + $12.95 + $1,697.08 - $4,900.50

New balance = $8,282.35

Therefore, Sally Rose's new balance is $8,282.35. Hence, the correct option is d) $4,982.43.