Vanessa has a revolving credit account at an annual percentage rate of 12%. Her previous monthly balance is $427.24. Find the new balance if Vanessa's account showed the following activity. (Use the unpaid balance method) $$\begin{array}{l}
\text { STATEMENT OF ACCOUNT Billing cycle: July 1-31 }\
\begin{array} { | l | l | l | }
\hline \text { July } 6 & \text { Mega blu-ray } & \$ 140.54 \
\hline \text { July } 9 & \text { Payment } & 254.80 \
\hline \text { July 14 } & \text { Keen Katering } & 125.98 \
\hline \text { July 18 } & \text { Oil Supply (credit) } & 174.21 \
\hline \text { July } 22 & \text { Cash Advances } & 213.21 \
\hline
\end{array}
\end{array}$$

Question

Vanessa has a revolving credit account at an annual percentage rate of 12%. Her previous monthly balance is $427.24. Find the new balance if Vanessa's account showed the following activity. (Use the unpaid balance method) $$\begin{array}{l}
\text { STATEMENT OF ACCOUNT Billing cycle: July 1-31 }\
\begin{array} { | l | l | l | } 
\hline \text { July } 6 & \text { Mega blu-ray } & \$ 140.54 \
\hline \text { July } 9 & \text { Payment } & 254.80 \
\hline \text { July 14 } & \text { Keen Katering } & 125.98 \
\hline \text { July 18 } & \text { Oil Supply (credit) } & 174.21 \
\hline \text { July } 22 & \text { Cash Advances } & 213.21 \
\hline
\end{array}
\end{array}$$

Quizplus · Accepted Answer

The Answer of Vanessa has a revolving credit account at an annual percentage rate of 12%. Her previous monthly balance is $427.24. Find the new balance if Vanessa's account showed the following activity. (Use the unpaid balance method) $$\begin{array}{l}
\text { STATEMENT OF ACCOUNT Billing cycle: July 1-31 }\
\begin{array} { | l | l | l | } 
\hline \text { July } 6 & \text { Mega blu-ray } & \$ 140.54 \
\hline \text { July } 9 & \text { Payment } & 254.80 \
\hline \text { July 14 } & \text { Keen Katering } & 125.98 \
\hline \text { July 18 } & \text { Oil Supply (credit) } & 174.21 \
\hline \text { July } 22 & \text { Cash Advances } & 213.21 \
\hline
\end{array}
\end{array}$$

Vanessa Has a Revolving Credit Account at an Annual Percentage