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OpenStudy (anonymous):
WILL AWARD MEDAL Amari has a previous balance of $691 on a credit card with a 17.1% APR compounded monthly. If he made a payment of $95 this month, what is the new balance on his credit card?
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OpenStudy (anonymous):
$714.16 $596.00 $605.85 $809.16
OpenStudy (anonymous):
$714.16
OpenStudy (triciaal):
was the correct answer 605.85
OpenStudy (triciaal):
usually they apply the interest first
OpenStudy (anonymous):
so your saying the answer is 605.85?
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OpenStudy (triciaal):
yes
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