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Suppose you have a revolving credit account at an annual percentage rate of 12%, and your previous monthly balance is $383.79. Find your new balance
Suppose you have a revolving credit account at an annual percentage rate of 12%, and your previous monthly balance is $383.79. Find your new balance (in $) if your account showed the following activity. Use the unpaid balance method. (Round your answer to the nearest cent.)
Billing cycle: July 131 | ||
---|---|---|
DATE | DESCRIPTION OF TRANSACTIONS | CHARGES |
July 04 | Kit and Capoodle Pets | $109.08 |
July 08 | Payment | 61.00 |
July 16 | Cash advance | 92.82 |
July 22 | Mountain Vineyards | 31.37 |
July 29 | Vu Video (credit) | 97.97 |
$ _____
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