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You Have a Credit Card with NewBank

Question 83

Multiple Choice

You have a credit card with NewBank.Calculate the new balance as of January 10 after considering the finance charge for the month which is a 1.5% monthly rate based on the average daily balance and the following purchases/payments.Your outstanding balance on December 10th is $423 and your statement extends from December 10 through January 10. You have a credit card with NewBank.Calculate the new balance as of January 10 after considering the finance charge for the month which is a 1.5% monthly rate based on the average daily balance and the following purchases/payments.Your outstanding balance on December 10th is $423 and your statement extends from December 10 through January 10. A) $1,346.52 B) $1,348.20 C) $1,328.00 D) $41,742 E) none of the above


A) $1,346.52
B) $1,348.20
C) $1,328.00
D) $41,742
E) none of the above

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