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David's statement shows a previous balance of $5834.53, a payment of $150, and new transactions totaling $325. His APR is 20.4%
A. $5984.64
B. $6106.17
C. $6111.69
D. $6256.17

Respuesta :

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Given:
Previous balance: 5,834.52
payment: 150
new transaction: 325
APR 20.4%

(20.4% / 360) * 30 = 1.7%

5,834.53 - 150 = 5,684.53 
5,684.53 * 101.7% = 5,781.17             *Only the revolving amount is subject to the interest rate.
5,781.17 + 325 = 6,106.17

David's new balance will be B. 6,106.17

Answer:

5,834.53−150+96.64+325

=6,106.17

Step-by-step explanation:


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