Suppose you have a revolving credit account at an annual percentage rate of 15%, and your previous monthly balance is $249.83. Find your new balance if your account showed the following activity. (Use the unpaid balance method) $$\begin{array}{l}
\text { STATEMENT OF ACCOUNT Billing cycle: September 1-30 }\
\begin{array} { | l | l | l | }
\hline \text { September } 6 & \text { Payment } & \$ 41.25 \
\hline \text { September } 9 & \text { Craig's Consulting } & 88.24 \
\hline \text { September } 13 & \text { Larry's Lube } & 56.06 \
\hline \text { September } 21 & \text { Sarah's Software } & 30.25 \
\hline \text { September } 26 & \text { Mountan Vineyards (credit) } & 34.49 \
\hline
\end{array}
\end{array}$$

Question

Suppose you have a revolving credit account at an annual percentage rate of 15%, and your previous monthly balance is $249.83. Find your new balance if your account showed the following activity. (Use the unpaid balance method) $$\begin{array}{l}
\text { STATEMENT OF ACCOUNT Billing cycle: September 1-30 }\
\begin{array} { | l | l | l | } 
\hline \text { September } 6 & \text { Payment } & \$ 41.25 \
\hline \text { September } 9 & \text { Craig's Consulting } & 88.24 \
\hline \text { September } 13 & \text { Larry's Lube } & 56.06 \
\hline \text { September } 21 & \text { Sarah's Software } & 30.25 \
\hline \text { September } 26 & \text { Mountan Vineyards (credit) } & 34.49 \
\hline
\end{array}
\end{array}$$

Quizplus · Accepted Answer

The Answer of Suppose you have a revolving credit account at an annual percentage rate of 15%, and your previous monthly balance is $249.83. Find your new balance if your account showed the following activity. (Use the unpaid balance method) $$\begin{array}{l}
\text { STATEMENT OF ACCOUNT Billing cycle: September 1-30 }\
\begin{array} { | l | l | l | } 
\hline \text { September } 6 & \text { Payment } & \$ 41.25 \
\hline \text { September } 9 & \text { Craig's Consulting } & 88.24 \
\hline \text { September } 13 & \text { Larry's Lube } & 56.06 \
\hline \text { September } 21 & \text { Sarah's Software } & 30.25 \
\hline \text { September } 26 & \text { Mountan Vineyards (credit) } & 34.49 \
\hline
\end{array}
\end{array}$$

Suppose You Have a Revolving Credit Account at an Annual