Suppose you have a revolving credit account at an annual percentage rate of 12%, and your previous monthly balance is $389.79. Find your new balance (in $) if your account showed the following activity. Use the unpaid balance method. (Round your answer to the nearest cent.) Statement of Account Billing cycle: July 1–31 DATE DESCRIPTION OF TRANSACTIONS CHARGES July 04 Kit and Capoodle Pets $109.08 July 08 Payment 61.00 July 16 Cash advance 96.82 July 22 Mountain Vineyards 31.37 July 29 Vu Video (credit) 97.97

Suppose you have a revolving credit account at an annual percentage rate of 12%, and your previous monthly balance is $389.79. Find your new balance (in $) if your account showed the following activity. Use the unpaid balance method. (Round your answer to the nearest cent.) Statement of Account Billing cycle: July 1–31 DATE DESCRIPTION OF TRANSACTIONS CHARGES July 04 Kit and Capoodle Pets $109.08 July 08 Payment 61.00 July 16 Cash advance 96.82 July 22 Mountain Vineyards 31.37 July 29 Vu Video (credit) 97.97

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Statement of Account

Billing cycle: July 1–31
DATE	DESCRIPTION OF TRANSACTIONS	CHARGES
July 04	Kit and Capoodle Pets	$109.08
July 08	Payment	61.00
July 16	Cash advance	96.82
July 22	Mountain Vineyards	31.37
July 29	Vu Video (credit)	97.97

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