Suppose the charge account of Strong's Mailing Service at the local supply store had a 1.8% interest rate per month on the average daily balance. Find the average daily balance if Strong's had an...


Suppose the charge account of Strong's Mailing Service at the local supply store had a 1.8% interest rate per month on the average daily balance. Find the average<br>daily balance if Strong's had an unpaid balance on March 1 of $148.70, a payment of $50 posted on March 10, and a purchase of $28.30 posted on March 22. The<br>billing cycle ends March 31.<br>The average daily balance is $<br>(Type an integer or decimal rounded to the nearest hundredth as needed.)<br>

Extracted text: Suppose the charge account of Strong's Mailing Service at the local supply store had a 1.8% interest rate per month on the average daily balance. Find the average daily balance if Strong's had an unpaid balance on March 1 of $148.70, a payment of $50 posted on March 10, and a purchase of $28.30 posted on March 22. The billing cycle ends March 31. The average daily balance is $ (Type an integer or decimal rounded to the nearest hundredth as needed.)

Jun 02, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions ยป

Submit New Assignment

Copy and Paste Your Assignment Here