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Ruth’s credit card has an apr of 10.91%, and it computes finance charges using the previous balance method on a 30-day billing cycle. during the april billing cycle, she made a $45.17 payment on april 10th and a $88.34 purchase on april 17th. her total at the start of may was $847.64. what was her balance at the beginning of april? a. $890.91 b. $797.22 c. $796.87 d. $804.47

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Based on the balance at the start of May and the purchases and payments made by Ruth, the balance at the beginning of April was b. $797.22.

What was the beginning balance in April?

First find the monthly rate:

= 10.91% / 12

= 0.909%

The beginning balance is x:

May balance = (Beginning balance x (1 + monthy rate) + Purchases - Payments

847.64 = x × 1.00909 + 88.34 - 45.17

1.00909x = 847.64 - 88.34 + 45.17

x = $797.22

Find out more on credit card balances at https://brainly.com/question/6872962.

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Answer:

B on edge

Step-by-step explanation:

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