Question
On August 10, a credit card account had a balance of $345. A purchase of $54 was made on August 15, and $167 was charged
On August 10, a credit card account had a balance of $345. A purchase of $54 was made on August 15, and $167 was charged on August 27. A payment of $79 was made on August 15. The interest on the average daily balance is 1.15% per month. Find the average daily balance on the September 10 bill. (Round your answer to two decimal places.)
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Cost management a strategic approach
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
5th edition
73526940, 978-0073526942
