Question
Suppose the charge account of Strong's Mailing Service at the local supply store had a 1.8% interest rate per month on the average daily balance.
Suppose the charge account of Strong's Mailing Service at the local supply store had a 1.8% interest rate per month on the average daily balance. Find the average daily balance if Strong's had an unpaid balance on March 1 of $184.10, a payment of $50 posted on March 11, and a purchase of $26.50 posted on March 24. The billing cycle ends March 31.
Suppose the charge account of Strong's Mailing Service at the local supply store had a 1.8% interest rate per month on the average daily balance. Find the average daily balance if Strong's had an unpaid balance on March 1 of $184.10, a payment of $50 posted on March 11, and a purchase of $26.50 posted on March 24. The billing cycle ends March 31.
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Linear Algebra and Its Applications
Authors: David C. Lay
4th edition
978-0321791542
