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You have a credit card that charges an interest rate of 1 9 . 5 % compounded monthly. The table below shows your activity for

You have a credit card that charges an interest rate of 19.5% compounded monthly. The table below shows your activity for the month of April. (April has 30 days, which is the number of days in the billing cycle.) The Average Daily Balance is 524.60. Please ecplain what math is being done. Thank you.
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