If you are trying to build credit by using a credit card eac

If you are trying to build credit by using a credit card, each time you make a purchase with the credit card, deduct that amount from your checking account. That way, when your credit card bill is due, you will have enough to pay the credit card off in full. Kathy Lehner is going to start doing this. She plans on paying her credit card bill in full this month. How much does she owe with a 12% APR and the following transactions? (Round your answer to the nearest cent.)

Solution

sol) Total out standing credit card bill= 1,171 + 155+328+68=1722

Total credited amount=72+380=452

Remaining balance=out stadning - credited amount=1270

She decided to pay 12% amount= 152.4

Remaining balance=1117.6=1118