The average daily balance for the month was $84.21, and the finance charge for the month was $30.13.
<h3><u>Averages</u></h3>
Given that Sally's balance on her credit card is $75.00 on the first day of August, and she makes a payment of $18.00 on August 17 and a new purchase of $41.00 on August 29, and the annual interest rate is 21.25%, to determine what is Sally's average daily balance and finance charge for the month of August, the following calculation must be made:
- 75 x ((21.15/12 x 16) / 100) + 75 = A = 86.89
- 57 x ((21.15/12 x 13) / 100) + 57 = B = 70.06
- 98 x ((21.15/12 x 3) / 100) + 98 = C = 103.18
- (86.89 x 16 + 70.06 x 13 + 103.18 x 3) / 31 = X
- 84.21 = X
- 86.89 + 70.06 + 103.18 - 75 - 57 - 98 = Y
- 30.13 = Y
Therefore, the average daily balance for the month was $84.21, and the finance charge for the month was $30.13.
Learn more about averages in brainly.com/question/23455102
#SPJ1
Answer:
41 1/4
Step-by-step explanation:
Change 16 1/2 to a mixed number
16 1/2 = (2*16+1)/2 = 33/2
Change 2 1/2 to a mixed number = (2*2+1)/2 = 5/2
Multiply the turns per inch by the inches
33/2 * 5/2 =165/4
Change this back to a mixed number
4 goes into 165 41 times
41*4 = 164 there is 1 left over
41 1/4
Answer:
Step-by-step explanation:
13:6
Answer:
C - 19/24
Step-by-step explanation:
Take the fractions and put the denominators into a common factor
Add Numerators Across
False because the answer would be -10
