Mario's new balance, Including interest, is $2,579.65
What is the equivalent monthly interest rate on the credit card?
The monthly interest rate on the credit card balance is APR(annual percentage rate) divided by the 12 months in a year
monthly interest=31.9996%/12
What is the balance before interest=current balance+ next month's bills-minimum payment
What is the balance before interest=$2,109.65+$471.00-$68.00
What is the balance before interest=$2,512.65
Balance after interest=$2,512.65*(1+31.9996%/12)
balance after interest charge=$2,579.65
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