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Alexander has a previous balance of $982 on a credit card with a 19.2% APR compounded monthly. If he made a payment of $73 this month, what is the new balance on his credit card…

Alexander has a previous balance of $982 on a credit card with a 19.2% APR compounded monthly. If he made a payment of $73 this month, what is the new balance on his credit card…
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Alexander has a previous balance of $982 on a credit card with a 19.2% APR compounded monthly. If he made a payment of $73 this month, what is the new balance on his credit card?

User Dastur
by
7.8k points

1 Answer

3 votes
Answer:
The new balance is $924.71

User Michal Krakovsky
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8.1k points
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