Respuesta :
Answer:
New balance = $316.8
Step-by-step explanation:
Given : Maya's unpaid balance is $205.16. Her APR is 14.4% and she has $82.10 in new transactions.
To find : What is her new balance?
Solution : First we find out the finance charge
Unpaid balance = $205.16
Finance rate = 14.4%
Finance charge = Unpaid balance × finance rate
[tex]=205.16\times \frac{14.4}{100}=29.54[/tex]
Finance charge = $29.54
New purchase = $82.10
New balance = Unpaid balance + finance charge + new purchase
New balance = $205.16 + $29.54 + $82.10
New balance = $316.8
