Question

Sharla Clark’s charge account statement showed a previous balance of $2.65, a finance charge of $0.82, new purchases of $6,846.50, and no payments. What is her new balance?

Answer 1

To calculate Sharla Clark's new balance, we need to add up her previous balance, the finance charge, and the new purchases while subtracting any payments made.

First, let's add up the previous balance of $2.65, the finance charge of $0.82, and the new purchases of $6,846.50:

$2.65 + $0.82 + $6,846.50 = $6,850.97

Since there were no payments made, the new balance is equal to the total calculated above:

New Balance = $6,850.97

Therefore, Sharla Clark's new balance is $6,850.97.

Explanation:

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