Question

calculate the new balance on this account after these charges and payments are applied.
credit card statement
previous balance $2,300.00
finance charge $35.00
new purchases $3,600.00
payments $(2,900.00)
credits $(35.00)
new balance = $?

Explanation:

Step1: Start with previous balance

The previous balance is $2300.00.

Step2: Add finance charge

Add the finance charge of $35.00: $2300 + $35 = $2335.

Step3: Add new purchases

Add new purchases of $3600.00: $2335 + $3600 = $5935.

Step4: Add payments (negative)

Add payments of -$2900.00: $5935 - $2900 = $3035.

Step5: Add credits (negative)

Add credits of -$35.00: $3035 - $35 = $3000.

Answer:

$3000.00