Answer:
B. $10.00
Explanation:
We let:
Previous Balance=$ 150.00
Finance Charge=$ 10.00
New Purchases=$ 90.00
Payments= $(220.00) + $ (20.00)
Credits=$0
To find the new balance on this account, we use the formula:
New Balance=Previous Balance + Finance Charge + New Purchases - (Payments + Credits)
So,
New Balance=Previous Balance + Finance Charge + New Purchases - (Payments + Credits)
= 150.00+ 10.00+ 90.00 - (220.00+20.00+0)
Simplify
=250-240
Calculate
New Balance= $10.00
Therefore, the new balance on this account is $10.00.
