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.
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Answer:
6 5/12
Step-by-step explanation:
2 2/3 as a mixed number is 8/3
3 3/4 as a mixed number is 15/4
To make the 2 fractions have a common denominator, they become:
32/12 and 45/12
to add them up it will be: 77/12 which can be written as 6 5/12
A function cannot be a function if any x is repeating. The x in A has the number 1 repeating. The x is C has 2 repeating the x in D has 1 repeating.
Therefore, our answer would be (B)
I believe that your answer is correct
