You have a charge card. You receive a bill, dated June 5. Your balance fluctuated during the 31-day billing period as follows: the balance was $520 for the first 3 days, $780 for the next 5 days, $225 for the next 10 days, $840 for the next 5 days, and $1,120 for the last 8 days. Calculate your average daily balance.

You have a charge card. You receive a bill, dated June 5. Your balance fluctuated during the 31-day billing period as follows: the balance was $520 for the first 3 days, $780 for the next 5 days, $225 for the next 10 days, $840 for the next 5 days, and $1,120 for the last 8 days. Calculate your average daily balance.

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter2: Solving Linear Equations

Section2.2: Use A Problem Solving Strategy

Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...

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