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Part 014 The credit card with the transactions described in the popup below uses the average daily balance method to calculate interest. The monthly interest rate is 1.4% of the average daily balance. Calculate parts a-d using the statement in the popup Click the icon to view the credit card statement 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.)
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Respuesta :

The average daily balance of the transactions given for the billing period will be $1798.

How to calculate the average daily balance?

From the complete question, the average daily balance is completed below:

Billing date = 2645.92 × 5 = $13229.6

Repayment on June 6 = $1345.92 × 2 = $2691.84

June 8 = $1381.85

June 9: = $1518.53 × 8 = $12148.24

Gas = $1560.90

Groceries = $1687.37 × 10 = $16873.70

Clothing = $1902.49 × 4 = $7609.96

Total = $53935.19

Therefore, the average daily balance will be:

= $53935 / 30

= $1798

Learn more about average on:

https://brainly.com/question/1136789

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