At Westonci.ca, we connect you with experts who provide detailed answers to your most pressing questions. Start exploring now! Experience the convenience of getting accurate answers to your questions from a dedicated community of professionals. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.
Sagot :
To determine the new balance at the end of month 7 on Lanny's credit card, we need to consider four components:
1. Previous balance: This is the balance from the previous month, which is [tex]$74.33. 2. New charges: These are the new purchases or charges added to the account, which amount to $[/tex]99.00.
3. Payment received: This is the payment that Lanny made towards the credit card, which is [tex]$91.98. 4. Finance charges: These are the interest charges that accrued over the month, amounting to $[/tex]2.04.
To find the new balance, we follow these steps:
1. Start with the previous balance.
2. Add the new charges to the previous balance.
3. Add the finance charges to the total from step 2.
4. Subtract the payment received from the total in step 3.
Summarizing these steps mathematically:
[tex]\[ \text{New balance} = \text{Previous balance} + \text{New charges} + \text{Finance charges} - \text{Payment received} \][/tex]
Let's plug in the values:
[tex]\[ \text{New balance} = 74.33 + 99.00 + 2.04 - 91.98 \][/tex]
After performing the operations sequentially, we get:
[tex]\[ 74.33 + 99.00 = 173.33 \][/tex]
[tex]\[ 173.33 + 2.04 = 175.37 \][/tex]
[tex]\[ 175.37 - 91.98 = 83.39 \][/tex]
Therefore, the new balance at the end of month 7 is [tex]$83.39. So the correct answer is: D. $[/tex]\[tex]$83.39$[/tex]
1. Previous balance: This is the balance from the previous month, which is [tex]$74.33. 2. New charges: These are the new purchases or charges added to the account, which amount to $[/tex]99.00.
3. Payment received: This is the payment that Lanny made towards the credit card, which is [tex]$91.98. 4. Finance charges: These are the interest charges that accrued over the month, amounting to $[/tex]2.04.
To find the new balance, we follow these steps:
1. Start with the previous balance.
2. Add the new charges to the previous balance.
3. Add the finance charges to the total from step 2.
4. Subtract the payment received from the total in step 3.
Summarizing these steps mathematically:
[tex]\[ \text{New balance} = \text{Previous balance} + \text{New charges} + \text{Finance charges} - \text{Payment received} \][/tex]
Let's plug in the values:
[tex]\[ \text{New balance} = 74.33 + 99.00 + 2.04 - 91.98 \][/tex]
After performing the operations sequentially, we get:
[tex]\[ 74.33 + 99.00 = 173.33 \][/tex]
[tex]\[ 173.33 + 2.04 = 175.37 \][/tex]
[tex]\[ 175.37 - 91.98 = 83.39 \][/tex]
Therefore, the new balance at the end of month 7 is [tex]$83.39. So the correct answer is: D. $[/tex]\[tex]$83.39$[/tex]
Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.