select the correct answer. nikki has a credit line of $6,000 on her credit card. review the summary of her…

select the correct answer. nikki has a credit line of $6,000 on her credit card. review the summary of her latest credit card statement. summary previous balance payments/credits new purchases finance charge new balance $3,750.50 $2,500.00 $2,299.00 $55.00 $3,604.50 what is the available credit on nikkis card? a. $2,395.50 b. $2,500.00 c. $3,500.00 d. $3,701.00

select the correct answer. nikki has a credit line of $6,000 on her credit card. review the summary of her latest credit card statement. summary previous balance payments/credits new purchases finance charge new balance $3,750.50 $2,500.00 $2,299.00 $55.00 $3,604.50 what is the available credit on nikkis card? a. $2,395.50 b. $2,500.00 c. $3,500.00 d. $3,701.00

Answer

Explanation:

Step1: Recall available - credit formula

Available credit = Credit line - New balance

Step2: Identify values

Credit line = $6000$, New balance = $3604.50$

Step3: Calculate available credit

$6000 - 3604.50=2395.50$

Answer:

A. $2,395.50$