Calculate the finance charge and new balance using the previous balance method. previous balance = $350.55

annual rate = 18%

finance charge = $

new purchases = $59.95

payments/credits = $150.00

new balance = $

Finance charge = $5.258

New Balance = $265.758

Step-by-step explanation:

By previous balance method,

Finance charge = Previous balance×Periodic percentage rate

Periodic percentage rate = APR/12 =

                                           = 0.015

Finance charge = 350×0.015

                         = $5.258

Also, new balance = Previous balance+New purchases+Finance charge-Payments/credits

New balance = 350.55+459.95+5.258-150

                      = $265.758

this shows a reflection over the x-axis and is translated one unit down and 6 units to the right (x + 6, y - 1)

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