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
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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
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