Question

The equation can be formatted for better readability:
Previous Balance−Payments & Credits=Unpaid Balance
+Finance Charge+New Purchases=New Balance
​

This format aligns each term neatly and clarifies the relationship between previous balances, payments, charges, and the new balance.

Answer 1

Certainly! Here’s the equation formatted for better readability to clearly show the relationships between the previous balance, payments, finance charges, new purchases, and the new balance:

```
Previous Balance
- Payments & Credits
---------------------
Unpaid Balance

+ Finance Charge
+ New Purchases
---------------------
New Balance
```

This layout highlights the flow of calculations, making it easier to understand how each component contributes to the new balance.