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2 years ago

Maya's unpaid balance is $205.16. Her apr is 14.4% and she has $82.10 in new transactions what a her new balance?

Mathematics

2 answers:

Mila [183]2 years ago

7 0

Answer:

New balance = $316.8

Step-by-step explanation:

Given : Maya's unpaid balance is $205.16. Her APR is 14.4% and she has $82.10 in new transactions.

To find : What is her new balance?

Solution : First we find out the finance charge

Unpaid balance = $205.16

Finance rate = 14.4%

Finance charge = Unpaid balance × finance rate

$=205.16\times \frac{14.4}{100}=29.54$

Finance charge = $29.54

New purchase = $82.10

New balance = Unpaid balance + finance charge + new purchase

New balance = $205.16 + $29.54 + $82.10

New balance = $316.8

Gelneren [198K]2 years ago

3 0

Your answer is $289.72

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