finding a credit card balance\njason keeps track of his credit card information in this table.\nmonth…

finding a credit card balance\njason keeps track of his credit card information in this table.\nmonth beginning balance balance with interest balance after payment\n1 $300.00 $306.00 $276.00\n2 $276.00 $281.52 $251.52\n3 $251.52 $256.55 $226.55\n4 $226.55 $231.08?\njason has a credit card that charges 2% interest on unpaid balances each month. he spent $300, but only makes the minimum payment of $30 a month when the bill is due. what is the balance on his credit card account after making his payment at the end of the fourth month?\n$201.08\n$196.55\n$226.55\n$231.08

finding a credit card balance\njason keeps track of his credit card information in this table.\nmonth beginning balance balance with interest balance after payment\n1 $300.00 $306.00 $276.00\n2 $276.00 $281.52 $251.52\n3 $251.52 $256.55 $226.55\n4 $226.55 $231.08?\njason has a credit card that charges 2% interest on unpaid balances each month. he spent $300, but only makes the minimum payment of $30 a month when the bill is due. what is the balance on his credit card account after making his payment at the end of the fourth month?\n$201.08\n$196.55\n$226.55\n$231.08

Answer

Explanation:

Step1: Identify the balance with interest in month 4

The balance with interest in month 4 is $231.08$.

Step2: Subtract the monthly payment

The monthly - payment is $30$. So, the balance after payment is $231.08 - 30$. $231.08-30 = 201.08$

Answer:

$201.08$