SOLUTION: Dante Michael's charge account statement showed a previous balance of $277.45, a finance charge of $3.22, new purchases of $299.33, and a payment of $316.00. What is his new balanc

Question 935220: Dante Michael's charge account statement showed a previous balance of $277.45, a finance charge of $3.22, new purchases of $299.33, and a payment of $316.00. What is his new balance?
Answer by jim_thompson5910(35256) (Show Source): You can put this solution on YOUR website!
Add up the finance charge and new purchases to the old balance. Then subtract off the payment to lower the balance

277.45+3.22+299.33-316.00 = 264

The new balance is $264.

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