Mathematics

Question

Petes unpaid credit card balance is $3529.30. His APR is 18.6%, and he made ine new transaction for $148. What is his new balance?

2 Answer

  •  3529.30 + (.186 * 3529.3 + 148) = 4333.7498 rounded up to 4333.75. so the new balance is $4333.75.
  • In this exercise we have to use our knowledge of finance to calculate the total value of the transition, so we have to:

    [tex]\$4333.75[/tex]

    Organizing the information given in the statement, we find that:

    • Credit card balance is $3529.30
    • APR is 18.6%
    • new transaction for $148

    With the information given above we can calculate as:

    [tex]3529.30 + (.186 * 3529.3 + 148) =$4333.75.[/tex]

    See more about finances at brainly.com/question/10024737

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