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Financial Maths, STD1 F3 2023 HSC 5 MC

The following is part of a credit card statement for August, with some figures missing.
 

What are the amounts for 'New charges' and 'Closing balance'?
 

  \(\text{New charges}\) \(\text{Closing balance}\)
A.  \($85.97\) \($468.43\)
B.  \($85.97\) \($596.66\)
C.  \($90.61\) \($473.07\)
D.  \($90.61\) \($477.71\)

 

Show Answers Only

\(D\)

Show Worked Solution
\(\text{New Charges}\) \(=85.97+4.64\)
  \(=$90.61\)

 

\(\text{Closing Balance}\) \(=506.05+90.61-(18.95+100)\)
  \(=$477.71\)

 
\(\Rightarrow D\)

Filed Under: Credit Cards (Std 1) Tagged With: Band 4, smc-1140-10-Credit Cards

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