Question

Andre Moore's charge card account has a previous balance of $769.78. Moore made a $100 payment. The new purchases include $40.07 and $49.74, with a finance charge of $9.56. What is the new balance?

Answer 1

Andre Moore's charge card account new balance is US$ 769.15

Explanation:

1. Let's review the information provided to us to answer the question correctly:

Andre Moore's charge card account previous balance = $769.78

Payment = US$ 100

New purchases = US$ $40.07 and $49.74

Finance charge = $9.56

2. What is the new balance?

We will do the following operations to calculate the new balance:

New balance = Previous balance - Payment + New purchases + Finance charge

Replacing with the real values, we have:

New balance = 769.78 - 100 + 40.07 + 49.74 + 9.56

New balance = 769.15