Question: Ruby has a credit limit of $9,500 on her credit card. She had a previous balance of $3,276.22 and made a $500 payment. The total of her purchases is $2,222.22. What is Ruby's available credit? Ruby's available credit is $ ________.
1. **State the problem:**
Ruby's credit limit is $9500. She had a previous balance of $3276.22 and made a payment of $500. She then made purchases totaling $2222.22. We need to find her available credit.
2. **Formula:**
Available credit = Credit limit - Current balance
3. **Calculate current balance:**
Current balance = Previous balance - Payment + Purchases
4. **Substitute values:**
Current balance = $3276.22 - $500 + $2222.22
5. **Simplify:**
Current balance = $\cancel{3276.22} - \cancel{500} + 2222.22 = 2776.22 + 2222.22
6. **Add:**
Current balance = $4998.44
7. **Calculate available credit:**
Available credit = $9500 - $4998.44
8. **Simplify:**
Available credit = $\cancel{9500} - \cancel{4998.44} = 4501.56
**Final answer:** Ruby's available credit is $4501.56.