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Vikentia [17]
1 year ago
10

Atthebeginningofa31-daybillingperiod,Sandrahasanunpaidbalanceof$720onhercreditcard.Threedaysbeforetheendofthebillingperiod,shepa

ys$400.Findherfinancechargeat2.1%permonthusingtheaveragedailybalancemethod.
Mathematics
2 answers:
AfilCa [17]1 year ago
8 0

uhh kk thx for that but it makes no sense at all.

Pavlova-9 [17]1 year ago
7 0

We need to calculate the average balance per day.

In this case, the billing period has 31 days and Sandras has an unpaid balance of $720 during 28 days and unpaid balance of $720-$400=$320 during 3 days, so the average balance is:

\text{average balance=}\frac{(720\cdot28+320\cdot3)}{31}=\frac{21120}{31}=681.29

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