Lanny's credit card has an APR of 33%, calculated on the previous monthly
balance. His credit card record for the last 7 months is shown in the table
below.
End of
month
paid
OWN
Previous
balance
$0.00
$47.00
$186.07
$0.00
$28,57
$107.38
$74.33
New
charges
$47.00
$182.00
$34.00
$98.00
$101.00
$21.00
$99.00
Payment
received
$0.00
$44.22
$225. 19
$69.43
$22.98
$57.00
$91.98
Finance
charges
$0.00
$1.29
$5.12
$0.00
$0.79
$2.95
$2.04
PrincipalN ew
balance
$0.00 $47.00
$42.93
$186.07
$220.07 $0.00
$69.43
$28,57
$22.19 $107.38
$54.05 $74.33
$89.94
What is the new balance at the end of month 7?
O A. $74.43
O B. $91.98
O C. $99.00
O D. $83.39