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Calculate the new balance on this account after these charges and payments are applied.

Credit Card Statement
\begin{tabular}{|l|r|}
\hline Previous Balance & [tex]$\$[/tex]300.00[tex]$ \\
\hline Finance Charge & $[/tex]\[tex]$25.00$[/tex] \\
\hline New Purchases & [tex]$\$[/tex]150.00[tex]$ \\
\hline Payments & $[/tex]\[tex]$(200.00)$[/tex] \\
\hline Credits & [tex]$\$[/tex]0.00[tex]$ \\
\hline
\end{tabular}

New Balance = $[/tex]\[tex]$[?]$[/tex]

Sagot :

GinnyAnsweridn
To calculate the new balance on the account after considering all charges and payments, follow these steps:

1. Identify the values from the statement:
- Previous Balance: \[tex]$300.00 - Finance Charge: \$[/tex]25.00
- New Purchases: \[tex]$150.00 - Payments: \$[/tex]-200.00 (payments are represented as negative values)
- Credits: \[tex]$0.00 2. Understand the process: - The new balance is obtained by adding all positive charges (previous balance, finance charge, new purchases, and credits) and then subtracting the payments. 3. Calculate step-by-step: 1. Start with the previous balance and add the finance charge: \[ 300.00 + 25.00 = 325.00 \] 2. Add the new purchases: \[ 325.00 + 150.00 = 475.00 \] 3. Subtract the payments: \[ 475.00 - 200.00 = 275.00 \] 4. Add the credits (since the credits value is \$[/tex]0.00, it doesn't change the balance):
[tex]\[ 275.00 + 0.00 = 275.00 \][/tex]

4. Final Calculation:
- The new balance is \[tex]$275.00. So, the new balance on this account after all charges and payments are applied is \$[/tex]275.00.
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