asked • 12d

How do I find out credit card balance?

Thomas has a new credit card with an APR of 10.99% and a credit limit of $1800. The minimum monthly payment is 3% of the new balance. If Thomas purchases $200 in camping supplies at the beginning of the month, what will be Thomas's new balance at the end of the month? 

Express your answer rounded to the nearest cent.

Please help me figure out how to set this up.

1 Expert Answer

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Nestor R. answered • 11d

Statistician with a very good grounding in Algebra

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