Question

Noveli has a credit limit of $3,000 on her credit card.

She had a previous balance of $55.60 from last month on her credit card.

She made a payment of $310

She made purchases for the month that totaled $409.00

She had a finance charge of $11.75

What is Noveli's available credit on her credit card?

Answer 1

Your credit card issuer will calculate your finance charge for you in your bill, but ... when you're charged one, so there's not necessarily a need to calculate it on your ... With most credit cards, the billing cycle is shorter than a month, for example, ... transactions made on your credit card in the current or previous billing cycle.

Explanation: