RogerKormick RogerKormick

12-10-2022
Mathematics

Answered

Steve has a new credit card with an APR of 11.99% and a credit limit of $1800. The minimum monthly payment is 6.5 % of the new balance. If Steve buys $550 dollars in school supplies at the beginning of the month, what will Steve’s new balance be at the end of the month? Explain your answer rounded to the nearest cent

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