Troy has a credit card that charges 18% on outstanding balances and on cash advances. The closing date on the credit card is the first of each month. Last month Troy left a balance on his credit card of $200. This month Troy took out a cash advance of $150 and made $325 in purchases. Troy made a payment of $220. What will the total of Troy’s new balance be on his next credit card statement, taking into account finance charges?
