Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In one particular month, a person has a balance of $2,140 on their credit card for 16 days. They then make a purchase and carry
In one particular month, a person has a balance of $2,140 on their credit card for 16 days. They then make a purchase and carry a balance of $2,290 for the next 8 days. Then this person makes a payment and carries a balance of $1,890 for the remaining 7 days in the month.
What is their average daily balance rounded to the nearest cent?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started