Question

Drag each amount to the correct location on the expression

Answer 1

Answer:

Average daily balance ≈ $873

Step-by-step explanation:

We are told the balance were;

$1,000 for 9 days

$750 for 10 days

$850 for 4 days

$900 for 7 days

Thus;

Average = ΣFx/Σx

Where ΣFx = (1000 × 9) + (750 × 10) + (850 × 4) + (900 × 7)

ΣFx = $26,200

Σx = 9 + 10 + 4 + 7

Σx = 30

Thus;

Average daily balance = 26200/30

Average daily balance ≈ $873