leanna has a revolving credit account at an annual percentage rate of 15%. her previous monthly balance is $928.26. find the new balance if leanna's account showed the following activity. (use the unpaid balance method)

Revolving credit is just a line of credit that also is continuously accessible, regardless of whether you pay the entire debt.
Both personal lines on credit and credit cards are typical sources of revolving credit.
Revolving credit, which is distinct from an installment loan, is continuously available to the consumer.

For the given data;

Javier's Wines: $928.26 - 84.24 = 844.02
Payment: $844.02 - 110.12 = 733.90
McMullen's Pub: $733.90 -125.98 = 607.92
Mountain View Art (credit): $607.92 + 228.21 = 836.13
Cash Advances: $836.13 - 100.00 = $736.13

Thus, There won't be any interest due to the fact that the interest is computed annually and all transactions were completed inside a single month.

To know more about the revolving credit account, here

https://brainly.com/question/13106660

#SPJ4

The complete question is-

LeAnna has a revolving credit account at an annual percentage rate of 15%. Her previous monthly balance is $928.26. Find the new balance if LeAnna's account showed the following activity. (Use the unpaid balance method)

STATEMENT OF ACCOUNT Billing cycle: March 1-31

March 5

Javier's Wines

$ 84.24

March 12

Payment

$110.12

March 17

McMullen's Pub

$125.98

March 22

Mountain View Art (credit)

$228.21

March 26

Cash Advances

$100.00