Answered

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Jack's credit card statement showed these items
his last balance was 95.85
his payments for 45
his Finance rate is 1.5%
new charges are 345.90
what is Jack's New Balance?​

Sagot :

Answer:

Jack's new balance is: 397.51.

Step-by-step explanation:

With the information provided, first you can find the unpaid balance using the following formula:

Unpaid balance=Previous balance-payments

Unpaid balance=95.85-45

Unpaid balance=50.85

Then, you can calculate the finance charge by multiplying the unpaid balance for the finance rate:

Finance charge=50.85*1.5%

Finance charge=0.76

Finally, you can find the new balance by adding up the unpaid balance plus the finance charge plus the new charges:

New balance=50.85+0.76+345.90

New balance=397.51

According to this, the answer is that Jack's new balance is: 397.51.

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