<u>Answer:</u>
The average daily balance for the month of June is 55.16
Solution:
Given, June 1st = 1223 starting balance
June 10th = 615 deposit
So these will add in the account
June 15th = withdrawal of -63
June 22nd = withdrawal of -120
These will be subtracted from the account.
We have to add the deposits and subtract the withdrawals from the starting balance to obtain the total amount.
So, the total amount deposited in June is (1223 +615-63-120) = 1655
The total days in June is 30. In 30 days, the total deposit is 1655. To calculate the average balance, we have to divide the total amount by the total number of days in the month.
So, in 1 day the deposit is 
Hence, the average daily balance for June is = 55.16
You would use the formula P(1+r/n)^nt=A I explained it in the picture and if the number is growing it is 1+r/n and if it’s not it is 1-r/n. Also if you don’t know the formula you can do it year by year which I also showed but it will take a long time and it’s easy to make a mistake. The answer would be A because if you plug the numbers into the formula you will get 4045.56 for plan b then you subtract 3000 and round, getting 1046. It is the formula of exponential growth/decay if you want to research further.
For this case we must solve the following system of equations:

We clear x of both equations:

We match:

We find the value of "x":

Thus, the solution of the system is:

Answer:

Answer:
it is terminating
Step-by-step explanation: