Kaylah Has a Charge Card with a Monthly Rate of 1.7

question 8

Multiple Choice

Kaylah has a charge card with a monthly rate of 1.7% on amounts up to $1,000 and 1.1% on amounts over $1,000. Kaylah's previous balance was $1,406.35. She made a payment of $250, charged $113.48, and was issued a credit for $129.63. Using the previous balance method, what is her new balance?

• A) $1,920.93
• B) $1,420.93
• C) $1,307.45
• D) $1,170.93