You Have a Credit Card with NewBank

question 12

Multiple Choice

You have a credit card with NewBank.Calculate the new balance as of January 10 after considering the finance charge for the month which is a 1.5% monthly rate based on the average daily balance and the following purchases/payments.Your outstanding balance on December 10th is $423 and your statement extends from December 10 through January 10.

• A) $1,346.52
• B) $1,348.20
• C) $1,328.00
• D) $41,742
• E) none of the above

---

Definitions:

Structuralists

Structuralism is a theoretical paradigm in psychology and sociology that emphasizes the understanding of human culture and psyche by analyzing the underlying structures that govern human behavior and cognition.

Brain Activation

The process of certain regions of the brain becoming engaged and active in response to stimuli.

Confounding Variable

An outside influence that can affect the results of an experiment, making it difficult to discern the actual relationship between the tested variables.

Western Media

Media outlets and content originating from or primarily informed by Western cultural perspectives, often characterized by a focus on individualism and democracy.