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Given the following; 29 Day Billing Cycle 4/17 Billing Date Previous Balance = $1,100 4/27 Payment = $700 4/29 Charge = $300 5/7 Payment =

Given the following; 29 Day Billing Cycle

4/17 Billing Date Previous Balance = $1,100

4/27 Payment = $700

4/29 Charge = $300

5/7 Payment = $50

The average daily balance is:

a. $910.34 b. $755.17 c. $801.72 d. $810.43 e. $755.71

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