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16 August, 16:22

Liam's unpaid credit card balance is $1942.34his APR is 16.8% what is his new balance if he made one new transaction for $280

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  1. 16 August, 17:04
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    Simplify first the given:

    Balance = $1942

    APR = 16.8%

    New Transaction = $280

    Since APR is annual percentage rate of charge

    Let us first add the two transactions:

    $1942 + $280 = $2,222 this is now the new remaining balance

    We’ll get the 16.8% of the $2,222 and add it.

    $2,222 + 16.8% = 2,595.296 = $2,595.30
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