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MAVERICK [17]
3 years ago
13

The balance of Chiaki's average balance checking account at the beginning of the last cycle was $100, and the only transaction f

or the cycle was a check that Chiaki wrote for $20, which cleared exactly halfway through the cycle. On what amount did Chiaki's checking account pay interest last cycle?
Business
2 answers:
e-lub [12.9K]3 years ago
4 0
<span>She had $100 for the first half through the cycle.

</span><span>Chiaki wrote a cheque for $20.
</span>
Now she had $80 for the second half through the cycle.

Therefore:

Amount = (1/2) × 100 + (1/2) × 80 

Amount = 50 + 40 

Amount = $90
Ne4ueva [31]3 years ago
3 0
The correct answer is $90
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