Question

Credit Card StatementPrevious BalanceFinance ChargeCalculate the newbalance on thisaccount after thesecharges andpayments areapplied.$ 150.00$ 10.00$ 90.00$(220.00)$ (20.00)New PurchasesPaymentsCreditsB. $10.00A. $490.00D. $190.00C. $310.00

Answer 1

Initial balance of credit card = $150

Payments must be subtracted and new charges must be added:

New Balance: $150 - $220 - $20 + $10 +$90 = $10

Choice: B. $10.00