Saheel Has a Charge Card with a Monthly Rate of 1.4

question 1

Short Answer

Saheel has a charge card with a monthly rate of 1.4% on amounts up to $1,000 and 0.9% on amounts over $1,000. Saheel's previous balance was $1,421.51. He made a payment of $175, charged $423.89, and was issued a credit for $14.90. Using the previous balance method, what is his new balance?