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Fran is going to transfer her credit card balance over to a new card. she has an existing balance of $752.69. her current card charges her a transfer fee of 12.5%, added to her balance, for transferring her debt. the new card has an opening fee of $50, which is also added to her balance. she will also have to make an immediate minimum payment, which is 3.35% of her total balance. how much will her balance be after she makes this payment, assuming that she pays the minimum amount? round all dollar values to the nearest cent. a. $866.74 b. $868.40 c. $818.41 d. $926.82 please select the best answer from the choices provided a b c d

Sagot :

The Fran's balance will be $866.73.

She has an existing balance of $752.69

Her current card charges her a transfer fee of 12.5%, added to her balance, for transferring her debt.

What is the meaning of balance?

An even distribution of weight enabling someone or something to remain upright and steady.

Which is given by,

[tex]0.125\times 752.69=94.04[/tex]

The total is given by,

[tex]752.69+94.04=846.77[/tex]

The new card has an opening fee of $50, which is also added to her balance.

This becomes now = [tex]846.77+50=896.77[/tex]

She also have to make an immediate minimum payment, which is 3.35% of her total balance.

This amount is = [tex]0.0335\times 896.77=30.04[/tex]

Now balance in her account is = [tex]0.0335 \times 896.77=30.04[/tex]

Therefore, Fran's balance will be $866.73.

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