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5 July, 05:18

Sams credit card statement balance was $700 at the end of October. Since the statement, Sam paid $400 and made $300 in new purchase. The card gives Sam a periodic rate of 10%.

Find finance charge and new balance using one of the methods from exploration segment

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  1. 5 July, 08:52
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    Answer: $600

    700 - 400 = 300 + 300 = 600
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