Question 143794: Good morning! Can someone help me with this problem? I would appreciate it.
Ramon owes $760 on his VISA account. He returns three items costing $40.10, $38.80, and $120.00 and receives credit on his account.
Next, he makes a payment of $430. He then makes a purchase of $81.5. How much does Ramon still owe? Show work.
Answer by jojo14344(1513)   (Show Source):
You can put this solution on YOUR website! Okay, let's do simple math here,
$760.00, VISA Balance
- $40.10, return
- $38.80, return
- $120.00, return
- $430.00, payment
+ $81.50, purchase
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$212.60, still remaining balance on his Visa
*Note: All transactions happened less than a month. Why? If he made a purchae of $81.50 a month after he made the payment, then interest applies (which is not stated).
Thank you,
Jojo
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