Calculate the new balance using the previous balance method, Previous balance = $102.35 Finance charge = $1.24 New purchases = $15.73 Payments/credits = $12.00 New balance = $______

Answer:new balance = $107.29
Explanation:The formula to calculate the new balance is:new balance = previous balance + finance charge + new purchases - (payments + credits)
We are given that:previous balance = $102.35financial charge = $1.24new purchases = $15.73payments + credits = $12
Substitute with the givens in the above formula to get the new balance as follows:new balance = 102.32 + 1.24 + 15.73 - 12new balance = $107.29
Hope this helps :)