To calculate the new balance on the credit card account after these charges and payments are applied, follow these steps:
1. Start with the Previous Balance:
The initial balance on the account is [tex]$\$[/tex]250.00[tex]$.
2. Add the Finance Charge:
Add the finance charge of $[/tex]\[tex]$20.00$[/tex] to the previous balance.
[tex]\[
250.00 + 20.00 = 270.00
\][/tex]
3. Add the New Purchases:
Add the amount of new purchases, which is [tex]$\$[/tex]100.00[tex]$.
\[
270.00 + 100.00 = 370.00
\]
4. Add the Payments Made:
Subtract the payments made on the account. Since the payment is a subtraction, subtract $[/tex]\[tex]$190.00$[/tex].
[tex]\[
370.00 - 190.00 = 180.00
\][/tex]
5. Add any Credits:
Since the credits are [tex]$\$[/tex]00.00[tex]$, there is no change in the balance from this step.
Thus, after applying all charges and payments, the new balance on the account is:
\[
\$[/tex]\mathbf{180.00}
\]
Therefore, the new balance is [tex]$\$[/tex]180.00$.
