Pavi has a credit line of $8,000 on his credit card. Review the summary of his credit card statement. How much credit does Pavi currently have available on this card? Summary Previous Balance Payments/Credits New Purchases Finance Charge New Balance $2,500.00 $1,500.00 $3,000.00 $7.50 $4,007.50 A. $3,992.50 B. $5,000.00 C. $5,500.00 D. $6,500.50

Question

Mathematics

Ashlyn Cowan

3 June, 21:44

Pavi has a credit line of $8,000 on his credit card. Review the summary of his credit card statement. How much credit does Pavi currently have available on this card? Summary Previous Balance Payments/Credits New Purchases Finance Charge New Balance $2,500.00 $1,500.00 $3,000.00 $7.50 $4,007.50 A. $3,992.50 B. $5,000.00 C. $5,500.00 D. $6,500.50

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Answers (1)

Know the Answer?

Gilbert Walton · Answer 1

A. $3992.50

Step-by-step explanation:

Credit line - $8,000.00

Summary

Previous Balance Payments - $2,500.00 Credits - $1,500.00 New Purchases - $3,000.00 Finance Charge - $7.50 New Balance - $4,007.50

Available credit = credit line - new balance = $8000 - $4007.50 = $3992.50