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Author Question: Callie Brent's credit card statement for March 31 showed a previous balance of 210.40 and new ... (Read 278 times)

fasfsadfdsfa

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on: Jun 24, 2018
Callie Brent's credit card statement for March 31 showed a previous balance of 210.40 and new purchases of 22.31 on 3/11, 12.11 on 3/18, and 34.85 on 3/23. She made a payment of 210.40 on 3/27. What is Callie's new balance?

Question 2

Jeremy Stahl's credit card which has a 15 APR requires a minimum payment of 3 of the current balance each billing cycle. Jeremy's current balance is 368.79, and his credit card company uses the previous balance method and a monthly periodic rate for calculating finance charges. What is the minimum payment due? If Jeremy makes the minimum payment, what will his balance be next month if he makes no additional purchases?


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flexer1n1

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Reply #1 on: Jun 24, 2018
Answer to Question 1

69.27

Answer to Question 2

11.06, 362.34


fasfsadfdsfa

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

hollysheppard095

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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