1 answer:
Answer:
$560.00
Step-by-step explanation:
Let b represent Tony's average daily balance. The finance charge is computed from ...
... finance charge = 2.25% × b
We can fill in the given value and divide by the coefficient of b.
... $12.60 = 0.0225b
... $12.60/0.0225 = b = $560.00
Tony's average daily balance was $560.00.
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