The average daily balance after 20 days is; $1750
<h3>Average Balance</h3>
The initial balance after grace period is; $25,000
Afterwards, A payment of $5,000 each is made on the 10th and 20th day.
Hence, the total balance after 20 days is;
- = $25,000 + $5000 + $5000
The average daily balance is therefore the quotient of $35,000 and 20 days
- The average daily balance = $35,000/20
- Average daily balance = $1750
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Answer:
-1.2 that is the point hope this helps
Step-by-step explanation:
Answer: m1+m3
Step-by-step explanation: 1+3=4 and m1+m3 has the same varibles in the expression.
No, it actually is not!
If you are to change it to a number,
14.5% = .145