30
practice examMultiple Choice

Practice Exam

Question 30 • Advanced Financial Algebra

Luiza's credit card balance started at $⁢4,500 After making a large payment of $⁢1,500 , their balance decreased to $⁢3,000 However, due to interest charges, their balance rose to $⁢3,300 at the end of the month. What is the overall percent change in Luiza's credit card balance after all events, including the interest charges? Use the percent change formula: Percent change=(new value−original value)/(original value)⋅100%

Answer
A
33.3% increase
B
26.6% decrease
C
26.6% increase
D
33.3% decrease
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