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Mathematics 5 Online
OpenStudy (anonymous):

A credit card calculates interest using the average daily balance method. The card charges 23.4% annual interest rate on the average daily balance. The following transactions occurred during the March 1 – March 31 billing period. previous balance:$6310.00 march 5 : $400 credit march 7 charge: $60.00 march 12 charge : $90.00 march 21 charge: $230.00 march 31 end of billing period Find the average daily balance for the billing period. Round to the nearest cent.

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