Question

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

Answer 1

Answer:

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