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19 January, 13:13

Gary unpaid credit card balance is $2543.32. His APR is 17.4%, and he made one new transaction for $320. What is his new balance?

A: $2900.20

B: $3020.46

C:$3305.86

D:$3442.34

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Answers (1)
  1. 19 January, 14:46
    0
    New Balance = 2543.32 (1 + 0.174/12) + 320 = 2543.32 (1.0145) + 320 = 2580.20 + 320 = $2900.20
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