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John smith has a credit card that charges 10% annual interest on the monthly average daily balance for the billing cycle. The current billing cycle
John smith has a credit card that charges 10% annual interest on the monthly average daily balance for the billing cycle. The current billing cycle has 28 days. for 16 days his balance was 2,511.66. For 6 days the balance was 1,511.66. And after 6 days the balance was 1,843.62. Find the average daily balance. Find the amount of interest
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