Jim Riddle has a credit card that charges 10% annual interest on the monthly average daily balance

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Jim Riddle has a credit card that charges 10% annual interest on the monthly average daily balance for the billing cycle. The current billing cycle has 29 days. For 15 days his balance was $2,534.95. For 7 days the balance was $1,534.95. And for 7 days the balance was $1,892.57. Find the average daily balance. Find the amount of interest.
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Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

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