As a follow-up to the previous question, Yogi’s Construction…

As а fоllоw-up tо the previous question, Yogi’s Construction hаs а $100,000 line of credit at the Jellystone Bank. The annual percentage rate is the current prime rate plus 3%. The balance on October 1 was $22,500. On October 10, Yogi borrowed $15,000 to pay for a shipment of lumber and on October 20 he borrowed another $32,500 for equipment repairs. On October 25, Yogi made a $30,000 payment on the account. The billing cycle for October has 31 days. The current prime rate is 6%. b) _____________ What is Yogi’s new balance?