has an APR of 19 calculated on the previous monthly balance

Last updated: 2/3/2024

has an APR of 19 calculated on the previous monthly balance and a minimum payment of 2 starting the month after the first purchase His credit card record for the last 7 months is shown in the table below End of month 1 234567 5 Previous balance 0 00 2400 00 2390 00 2380 04 2370 12 2360 25 2350 41 New charges 2400 00 OA 285 02 OB 47 01 C 59 38 OD 225 64 0 00 0 00 0 00 0 00 0 00 0 00 Payment received 0 00 48 00 47 80 47 60 47 40 47 20 47 01 Finance charges 0 00 38 00 37 84 37 68 37 53 37 37 37 21 Principal paid 0 00 10 00 9 96 9 92 9 88 9 83 9 79 New balance 2400 00 2390 00 2380 04 2370 12 2360 25 2350 41 2340 62 What is the total amount that Benjamin has made in payments over the 7 months