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Rae's unpaid credit card balance was $3,535. Her APR is 28.2%. What is her newbalance after she makes one new transaction for $1,654? Round answer to thehundredths place. If answer doesn't have a hundredths place then include a zero sothat it does.

Raes unpaid credit card balance was 3535 Her APR is 282 What is her newbalance after she makes one new transaction for 1654 Round answer to thehundredths place class=

Respuesta :

Given:

Credit card balance = $3535.

APR = 28.2 %.

The new transection amount = $1654.

To find:

We need to find the new balance of the credit card.

Explanation:

The monthly interest is

[tex]=\frac{28.2\text{ \%}}{12}=0.0235[/tex]

The monthly interest for $3535 is

[tex]=0.0235\times3535=83.0725[/tex]

The new balance is

[tex]=3535+83.0725+1654[/tex][tex]=5272.0725[/tex]

Final answer:

The new balance is $5272.07.

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