Unit 6 Review

What is the new balance for the credit statement shown?

What is the new balance for the credit statement shown?

You received this monthly statement from Bank Card. What is your new balance? Complete the account statement. Previous balance of $716.45; payments of $150 and $75; new purchases of $29.98, $129.90, and $10.46; finance charge of $12.54.

Complete the account statement. Previous balance of $410.91; payments of $150 and $160; return credit of $21.90; new purchases of $71.80, $21.90, $116.60, $10.49, $51.80, and $6.75; finance charge of $7.19.

You have a charge account with a periodic rate of 2.08% of the unpaid-balance. Your monthly statement shows purchases totaling $416.94 and a payment of $750.00. Find the new balance.

The periodic rate is 2% of the unpaid-balance; previous balance is $291.84; payment of $200.00; new purchases of $17.40, $17.70, and $46.04. Find the new balance.

Cain’s charge account statement shows an unpaid balance of $6,752.22. The monthly finance charge is 1.85% of the unpaid balance. Cain has new purchases of $150.75. What is the new account balance?

Martha’s charge account statement showed a previous balance of $2.65, a finance charge of $0.82, new purchases of $6,846.50, and no payments. What is her new balance?

Abel’s charge account statement showed a previous balance of $740.00, a finance charge of $1.82, new purchases of $6.50, and a payment of $112.50. What is her new balance?

Mary’s charge account statement shows an unpaid balance of $1,312.11. The monthly finance charge is 1.75% of the unpaid balance. Mary has new purchases of $140.00. What is the new account balance?