The opening balance of the March billing cycle for Bernice's credit card was $2374. If she makes a new purchase of $200 on the 2

Question

3 years ago

9

0th of March and doesn't make any payments, what is her average daily balance? A. $2,567.25 B. 2374.00 C. $2,747.00. D. $2,444.97

2 answers:

gulaghasi [49] · Answer 1 · 2022-01-25T19:43:06+03:00

5 0

Answer:

The answer is $2,444.97 for APEX

Norma-Jean [14] · Answer 2 · 2022-01-25T18:31:53+03:00

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.