Transaction Amount The credit card with the Transaction Description transactions described on the right uses the average daily balance method to calculate interest. The Previous balance, $6210.00...


Transaction<br>Amount<br>The credit card with the<br>Transaction Description<br>transactions described on the right<br>uses the average daily balance<br>method to calculate interest. The<br>Previous balance, $6210.00<br>March 1 Billing date<br>March 5 Payment<br>March 7 Charge: Restaurant<br>March 12 Charge: Groceries<br>March 21 Charge: Car Repairs $280.00<br>March 31 End of billing period<br>Payment Due Date: April 9<br>monthly interest rate is 2.5% of the<br>average daily balance. Calculate<br>parts a-d using the statement on<br>the right.<br>$250.00 credit<br>$60.00<br>$90.00<br>.....<br>a. Find the average daily balance for the billing period. Round to the nearest cent.<br>The average daily balance for the billing period is $.<br>(Round to the nearest cent as needed.)<br>

Extracted text: Transaction Amount The credit card with the Transaction Description transactions described on the right uses the average daily balance method to calculate interest. The Previous balance, $6210.00 March 1 Billing date March 5 Payment March 7 Charge: Restaurant March 12 Charge: Groceries March 21 Charge: Car Repairs $280.00 March 31 End of billing period Payment Due Date: April 9 monthly interest rate is 2.5% of the average daily balance. Calculate parts a-d using the statement on the right. $250.00 credit $60.00 $90.00 ..... a. Find the average daily balance for the billing period. Round to the nearest cent. The average daily balance for the billing period is $. (Round to the nearest cent as needed.)

Jun 05, 2022
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