The adjusted balance is $66000. Adjusted balance is one of several ways that credit card businesses use to estimate a cardholder's finance account.
What is adjusted balance?
- Credit card companies use adjusted balance as one of several methods to calculate a cardholder's finance charge.
- The latter is the fee charged when a cardholder carries a balance from month to month rather than paying the balance in full by the due date of each month.
- The adjusted balance method of calculating your finance charge subtracts any payments and credits made during the current billing cycle from the previous balance at the end of the previous billing cycle.
- New charges incurred during the billing cycle are not taken into account in the adjusted balance.
- The 'Remaining Statement Balance' is your 'New Balance' less payments, returned payments, applicable credits, and amounts in dispute since the last statement closing date.
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