You make an $800 purchase on a new credit card that has a monthly interest rate of 1.5%. You receive your first credit card statement in the mail and the balance is $800. You make a payment of $25. What is your new balance after the payment?(1 point)

774 nope it not

I apologize for the error. Let's correct that.

First, calculate the interest for the month on the $800 balance:
Interest = $800 * 1.5% = $12

The total balance plus interest for the month is now:
$800 + $12 = $812

Now subtract the $25 payment from the total balance:
$812 - $25 = $787

Therefore, your new balance after the payment is $787.