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Kimberly Has a Revolving Credit Account at an Annual Percentage

Question 13

Multiple Choice

Kimberly has a revolving credit account at an annual percentage rate of 15%. Her previous monthly balance is $784.19. Find the new balance if Kimberly's account showed the following activity. (Use the unpaid balance method)  STATE MENT OF ACCOUNT Billing cycle: May 131 May 7 Cleaning Supplies $88.76 May 10 Payment 115.00 May 14  Jim’s Appliance (credit)  210.72 May 19  Jen’s Catering 354.12 May 128  Jackie’ Garage 723.92\begin{array}{l}\text { STATE MENT OF ACCOUNT Billing cycle: May } 1 - 31\\\begin{array} { | l | l | l | } \hline \text { May } 7 & \text { Cleaning Supplies } & \$ 88.76 \\\hline \text { May } 10 & \text { Payment } & 115.00 \\\hline \text { May 14 } & \text { Jim's Appliance (credit) } & 210.72 \\\hline \text { May 19 } & \text { Jen's Catering } & 354.12 \\\hline \text { May 128 } & \text { Jackie' Garage } & 723.92 \\\hline\end{array}\end{array}


A) $723.92
B) $1,635.07
C) $1,634.16
D) $2,000.00

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