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
<em>Answer:</em>
a
<em>Step-by-step explanation:</em>
lets substitute 5 into every equation. (using 5 every time won't work every time ofc)
ok so 5(x+6)=55 would simplify into <em>5x+30=55</em> which in this case would be <em>5(5)+30=55 </em>
and 25 plus 30 (obviously) = 55
so A is the right answer
Answer:
It increased by 4 degrees. It from -4 up to 0.
Step-by-step explanation:
