Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Suppose that you made three purchases using your credit card during the month of January. The first purchase was on January 8th for $462 .
Suppose that you made three purchases using your credit card during the month of January.
The first purchase was on January 8th for $462 .
The second purchase was on January 19th for $295.
The third purchase was on January 24th.
If your average daily balance for January was $667, what was the dollar amount of your last purchase?
Remember: There are 31 days in January. You made no purchases between January 1st and January 7th. This question is not asking for the card's final January balance.
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