Arnold Brown has a Visa Card with an annual percentage rate of 19.2​%. The unpaid balance for his June billing cycle is ​$1,319.16. During the billing cycle he purchased a printer cartridge for ​$43.51​, books for ​$245.53 and gasoline for ​$15.13. He made a payment of ​$1,100. If the account applies the unpaid balance​ method, what are the finance charge and the new​ balance?       The finance charge is ​$nothing. The new balance is

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Credit card

A credit card is provided by financial institutions or banks, which permits a person to borrow money on a preapproved limit for purchases on a credit basis. The credit limit is decided by the institution and bank which issues a credit card depending on the person’s credit score and income. A cardholder can use the card for credit purchases, a balance transfer, cash advances.