Respuesta :
The available credit on Nikki's card is $2395.50.
What is credit card statement?
The Credit refers to an agreement under which goods and services, or money is exchanged against a promise to pay later. A credit card statement is a summary of how you've used your credit card for a billing period.
For the given situation,
Nikki has a credit line = $6,000
The summary of her latest credit card statement,
Previous Balance = $3,750.50
Payments/Credits = $2,500.00
New Purchases = $2,299.00
Finance Charge = $55.00
The available credit on Nikki's card is calculated as,
⇒ [tex](6000+2500)-(3750.50-2299-55)[/tex]
⇒ [tex]8500-6104.50[/tex]
⇒ [tex]2395.50[/tex]
Hence we can conclude that the available credit on Nikki's card is $2395.50.
Learn more about credit card statements here
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