The opening balance of the March billing cycle for Bernice's credit card = $2374.
Amount of new purchase = $200 on the 20th of March.
She did purchase only of $200 in that March month.
We are given that she didn't do any payment.
So, still she has balance $2374 till end of the month.
Therefore, her average daily balance is $2374.00
So, the correct option is B. $2374.00.
Answer:
Yearly compounding: 7.75% $5,686.85
Quarterly compounding: 7.978% $5,857.78
Monthly compounding: 8.031% $5,898.27
Daily compounding: 8.057% $5,918.20
Step-by-step explanation:
multiply yearly by 14
Hello!
45 + 10 + 6 = 61
So, your answer is 61.
I hope that was helpful! c:
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