Question

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

Answer 1

Previous Balance: $120.00

Finance Charge: $15.00

New Purchase: $200

Payment: $300

Total Balance: $120 + $15 + $200 = $335

Payment: $300

New Balance: $335 - $300 = $35.00

The answer is Option A $35.00.