Examine the summary section of a monthly credit card statement. Calculate the new balance.

$$\begin{matrix} \text{SUMMARY} & \text{Previous Balance} & \text{Payments Credits} & \text{Transactions} & \text{Late Charge} & \text{Finance Charge} & \text{New Balance} & \text{Minimum Payment}\\ \text{} & \text{\$876.34} & \text{\$800.00 } & \text{\$1,009.56 } & \text{\$30.00} & \text{\$29.67} & \text{0} & \text{\$18.00}\\ \end{matrix}$$

Examine the summary section of a monthly credit card statement. Calculate the new balance.

$$\begin{array}{|c|c|c|c|c|c|c|c|} \hline \text{ } & \text{Previous} & \text{Payments} & \text{ } & \text{Late} & \text{Finance} & \text{New} & \text{Minimum}\\ \text{SUMMARY} & \text{Balance} & \text{/ Credits} & \text{Transactions} & \text{Charge} & \text{Charge} & \text{Balance} & \text{Payment}\\ \hline & \text{\$876.34} & \text{\$800.00} & \text{\$1,009.56} & \text{\$30.00} & \text{\$29.67} & \text{ } & \text{\$18.00}\\ \hline \end{array}$$

Luke has a credit line of $8,500 on his credit card. He had a previous balance of$4,236.87 and made a $3,200.00 payment. The total of his purchases is$989.42. What is Luke's available credit?

The summary portion of Manny Ramira's credit card statement is shown. Determine the new balance amount.

$$\begin{matrix} \text{SUMMARY} & \text{Previous Balance} & \text{Payments Credits} & \text{Transactions} & \text{Late Charge} & \text{Finance Charge} & \text{New Balance} & \text{Minimum Payment}\\ \text{} & \text{1,237.56 } & \text{\$1,200.00} & \text{\$2,560.67} & \text{\$0.00} & \text{\$9.56} & \text{} & \text{}\\ \end{matrix}$$

Determine the error that was made using the following summary statement.

$$\begin{matrix} \text{SUMMARY} & \text{Previous Balance} & \text{Payments Credits} & \text{Transactions} & \text{Late Charge} & \text{Finance Charge} & \text{New Balance} & \text{Minimum Payment}\\ \text{} & \text{\$350.90} & \text{\$200.00} & \text{\$200.00} & \text{\$0.00} & \text{\$8.68} & \text{\$759.58} & \text{0}\\ \end{matrix}$$

Lizzy has a credit line of $9,000 on her credit card. Her summary is shown. What is her available credit balance?$

$$\begin{matrix} \text{SUMMARY} & \text{Previous Balance} & \text{Payments Credits} & \text{Transactions} & \text{Late Charge} & \text{Finance Charge} & \text{New Balance} & \text{Minimum Payment}\\ \text{} & \text{\$6,500.56} & \text{\$5,200.00} & \text{\$978.45} & \text{\$20.00} & \text{\$12.88} & \text{} & \text{}\\ \end{matrix}$$

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