you make a purchase of $600 on a new credit card with a yearly interest rate of 12%. You make a large payment your first month of $200. What is the credit card’s balance before you make the payment?(1 point)

Question

$406

$472

$606

$672

Answer 1

The credit card's balance before making the payment can be calculated by subtracting the payment amount of $200 from the initial purchase amount of $600.

$600 - $200 = $400

Therefore, the credit card's balance before making the payment is $400.