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Fran is going to transfer her credit card balance over to a new card. She has an existing balance of $752.69. Her current card charges her a transfer fee of 12.5%, added to her balance, for transferring her debt. The new card has an opening fee of $50, which is also added to her balance. She will also have to make an immediate minimum payment, which is 3.35% of her total balance. How much will her balance be after she makes this payment, assuming that she pays the minimum amount? Round all dollar values to the nearest cent.

Respuesta :

Answer:

Fran's balance will be $866.73.

Step-by-step explanation:

She has an existing balance of $752.69

Her current card charges her a transfer fee of 12.5%, added to her balance, for transferring her debt.

This becomes: [tex]0.125\times752.69=94.08[/tex]

Total is : [tex]752.69+94.08=846.77[/tex]

The new card has an opening fee of $50, which is also added to her balance.

This becomes now = [tex]846.77+50=896.77[/tex]

She will also have to make an immediate minimum payment, which is 3.35% of her total balance.

This amount is = [tex]0.0335\times896.77=30.04[/tex]

Now balance in her account is = [tex]896.77-30.04=866.73[/tex]

So, Fran's balance will be $866.73.

Answer:

a

Step-by-step explanation:

edg 2020

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