Pavi has a credit line of $8,000 on his credit card. Review the summary of his credit card statement. How much credit does Pavi currently have available on this card? SummaryPrevious BalancePayments/CreditsNew PurchasesFinance ChargeNew Balance $2,500.00$1,500.00$3,000.00$7.50$4, 007.50

$3,992.50

Step-by-step explanation:

According to the problem, computation of the given data are as follows,

Credit line on credit card = $8,000

Balance Payment = $2,500

Credit = $1,500

New Purchases = $3,000

Finance Charges = $7.50

New Balance = $4,007.50

So we can calculate the  available credit on card by using following formula,

Available credit on card = Credit line on credit card -New balance

By putting the value, we get

Available credit on card = $8,000 - $4,007.50

= $3,992.50

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step-by-step explanation: