Question

Andre moores charge card accounts has a previous balance of $1,787.29. moore made a $200 payment. the new purchases include $47.97, $49.28, $83.21, and $75.63 with a finance charge of $11.81 and a credit of $45.89

Answer 1

To calculate the new balance on Andre Moore's charge card account, we need to consider the previous balance, payments made, new purchases, finance charges, and credits.

Previous balance: $1,787.29

Payment made: -$200.00 (subtracted since it's a payment)

New purchases: $47.97 + $49.28 + $83.21 + $75.63 = $256.09 (added since they are new purchases)

Finance charge: $11.81 (added since it's a charge)

Credit: -$45.89 (subtracted since it's a credit)

Now let's calculate the new balance:

$1,787.29 (previous balance)

- $200.00 (payment made)

+ $256.09 (new purchases)

+ $11.81 (finance charge)

- $45.89 (credit)

The new balance on Andre Moore's charge card account is $1,808.30.

By subtracting the payment made and the credit and adding the new purchases and finance charge to the previous balance, we can calculate the new balance on the charge card account. In this case, the new balance is $1,808.30.

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Answer 2

To find the current balance of Andre Moore's charge card account, we need to subtract the payment, add the new purchases, add the finance charge, and subtract the credit from the previous balance.

Step-by-step explanation:

In this question, we are given Andre Moore's charge card account details. The previous balance is $1,787.29. Moore makes a payment of $200 and incurs new purchases of $47.97, $49.28, $83.21, and $75.63. Additionally, there is a finance charge of $11.81 and a credit of $45.89. To find the current balance, we need to subtract the payment, add the new purchases, add the finance charge, and subtract the credit from the previous balance.

Current Balance = Previous Balance - Payment + New Purchases + Finance Charge - Credit

Current Balance = $1,787.29 - $200 + $47.97 + $49.28 + $83.21 + $75.63 + $11.81 - $45.89

Current Balance = $1,787.29 + $267.01 - $45.89

Current Balance = $2,008.41