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Gavin’s unpaid credit card balance is $2103.23. His APR is 14.4%. What is his new balance if he made one new transaction for $390?
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what kind of formula can we use
shouldnt we just add 390 to 2103.23 ?
Honestly , I have no idea.
I would just add 390 to his balance, since that is his new debt
is it correct? the APR wouldn't change based on the size of the balance
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im not sure
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