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Juan has a previous balance of $923 on a credit card with a 25.9% APR compounded monthly. If he made a payment of $107 this month, what is the new balance on his credit card?

Respuesta :

MakaylaConsalo

Answer:

211.344

Step-by-step explanation:

923 - 107 = 816

25.9% of 816 = 211.344

or just 211.3

jko7000

Answer:

$835.92

Step-by-step explanation:

923 + 923(25.9%/12) - 107.

923 + 923(0.021583) - 107.

923 + 19.92 - 107.

942.92 - 107.

835.92.

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