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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]$\$[/tex]250.00[tex]$ \\
\hline Finance Charge & $[/tex]\[tex]$20.00$[/tex] \\
\hline New Purchases & [tex]$\$[/tex]100.00[tex]$ \\
\hline Payments & $[/tex]\[tex]$(190.00)$[/tex] \\
\hline Credits & [tex]$\$[/tex]0.00[tex]$ \\
\hline
\end{tabular}

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


Sagot :

To calculate the new balance on the credit card account after these charges and payments are applied, follow these steps:

1. Start with the Previous Balance:
The initial balance on the account is [tex]$\$[/tex]250.00[tex]$. 2. Add the Finance Charge: Add the finance charge of $[/tex]\[tex]$20.00$[/tex] to the previous balance.
[tex]\[ 250.00 + 20.00 = 270.00 \][/tex]

3. Add the New Purchases:
Add the amount of new purchases, which is [tex]$\$[/tex]100.00[tex]$. \[ 270.00 + 100.00 = 370.00 \] 4. Add the Payments Made: Subtract the payments made on the account. Since the payment is a subtraction, subtract $[/tex]\[tex]$190.00$[/tex].
[tex]\[ 370.00 - 190.00 = 180.00 \][/tex]

5. Add any Credits:
Since the credits are [tex]$\$[/tex]00.00[tex]$, there is no change in the balance from this step. Thus, after applying all charges and payments, the new balance on the account is: \[ \$[/tex]\mathbf{180.00}
\]

Therefore, the new balance is [tex]$\$[/tex]180.00$.