Alan’s unpaid credit card balance was $3426.67. his apr is 16.8%. what is his new balance after he makes one new transaction for $235?

The answer is $3709.64

Step-by-step explanation:

The unpaid credit card balance is = $3426.67

The APR is 16.8%

Monthly rate is = %

So, monthly interest on $3426.67 is

Unpaid amount becomes =

The amount of new transaction is = $235

So, new balance will be = dollars

The answer is $3709.64

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