Question

Rae's unpaid credit card balance was $3,744. Her APR is 12.5%. What is her new
balance after she makes one new transaction for $351?

Round answer to the
hundredths place.

If answer doesn't have a hundredths place then include a zero so
that it does. Use a word not a symbol for the units.

Answer 1

Using proportions, it is found that her new balance after she makes one new transaction for $351 is of $3,861.

What is a proportion?

A proportion is a fraction of a total amount.

Rae's unpaid credit card balance was $3,744, then considering the APR of 12.5%, when she makes the payment it will be 112.5% of that, that is:

B = 1.125 x 3744 = $4,212.

Considering the payment of $351:

4212 - 351 = $3,861.

Her new balance after she makes one new transaction for $351 is of $3,861.

More can be learned about proportions at https://brainly.com/question/24372153