Asked by Academic Research on May 08, 2024

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Yanni received her monthly credit card statement in the mail,the summary of which is shown below.When she calculated the new balance for the month,she arrived at a different amount than the credit card company.What should be the correct new balance? ​ Yanni received her monthly credit card statement in the mail,the summary of which is shown below.When she calculated the new balance for the month,she arrived at a different amount than the credit card company.What should be the correct new balance? ​   ​ A)  $3,576.28 B)  $3,676.28 C)  $3,766.28 D)  $3,776.28

A) $3,576.28
B) $3,676.28
C) $3,766.28
D) $3,776.28

Credit Card Statement

An accounting of the credits and debits in the form of a monthly report sent to a credit card holder.

  • Calculate new balances and finance charges on credit card statements.
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FL
Francisco LópezMay 10, 2024
Final Answer :
D
Explanation :
The previous balance is $3,125.28. Yanni charged $475.00 for the month, making the subtotal $3,600.28. She also made a payment of $200.00 and had a finance charge of $12.00. Subtracting the payment and adding the finance charge gives us a total of $3,412.28. However, the statement shows a new balance of $3,776.28, which is $364.00 more than the calculated total. Therefore, the credit card company must have made an error, and the correct new balance should be $3,412.28 + $364.00 = $3,776.28.