Based on this summary of Sheldon’s credit card statement, complete the following statements.

The amount in the column represents the amount of credit that Sheldon is currently using. If the credit line on Sheldon’s card is $5,000, Sheldon’s current available credit is .

Please use the image(s) to help you answer the question. It contains the table which you'll need to answer the question. I even added the answer responses for the blanks.

Question

jpkeener22 jpkeener22

31-03-2022
Mathematics

contestada

Based on this summary of Sheldon’s credit card statement, complete the following statements.

The amount in the column represents the amount of credit that Sheldon is currently using. If the credit line on Sheldon’s card is $5,000, Sheldon’s current available credit is .

Please use the image(s) to help you answer the question. It contains the table which you'll need to answer the question. I even added the answer responses for the blanks.

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Trains1000 Trains1000 · Answer 1 · 2022-03-31T23:13:05+02:00

Answer: The amount in the new balance column represents the amount of credit that Sheldon is currently using. If the credit line on Sheldon's card is $5,000, Sheldon's current available credit is $4,642.18.

Step-by-step explanation:

There are 2 methods of solving this problem.

First method:

So, first before you do this problem, you're going to need this formula:

Available Credit = Credit Line - New Balance

Available Credit = $5,000.00 - $357.82

Subtract that, & you get $4,642.18.

Second Method:

So for the second method I subtracted each of the answers in the 2nd blank by the Credit Line, which in this case it's $5,000.00.

$5,000.00 - $3,477.98 = $1,522.02 (❌)

$5,000.00 - $4,642.18 = $357.82 (✔️)

$5,000.00 - $4,760.50 = $239.50 (❌)

So, the amount in the new balance column represents the amount of credit that Sheldon is currently using. If the credit line on Sheldon's card is $5,000, Sheldon's current available credit is $4,642.18.