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?
Mathematics
kayleesummerbro
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

1. User Answers fezzy
3529.30 + (.186 * 3529.3 + 148) = 4333.7498 rounded up to 4333.75. so the new balance is $4333.75. 
2. User Answers lhmarianateixeira
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]
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