Yanni received her monthly credit card statement in the mail,the summary of which is shown below.When she calculated the new balance for the month,she arrived at a different amount than the credit card company.What should be the correct new balance?

Question

Yanni received her monthly credit card statement in the mail,the summary of which is shown below.When she calculated the new balance for the month,she arrived at a different amount than the credit card company.What should be the correct new balance? ​  ​

Quizplus · Accepted Answer

The previous balance is $3,125.28. Yanni charged $475.00 for the month, making the subtotal $3,600.28. She also made a payment of $200.00 and had a finance charge of $12.00. Subtracting the payment and adding the finance charge gives us a total of $3,412.28. However, the statement shows a new balance of $3,776.28, which is $364.00 more than the calculated total. Therefore, the credit card company must have made an error, and the correct new balance should be $3,412.28 + $364.00 = $3,776.28.

Yanni Received Her Monthly Credit Card Statement in the Mail,the