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Mathematics 11 Online
OpenStudy (anonymous):

******HELP PLEASE ILL GIVE MEDALS!!!****** Victor Hernandez has a credit card that bases its finance charge on the average-daily-balance method-new purchases included. His monthly periodic rate is 2.9% and his finance charge for the most recent billing cycle was $37. Find his average daily balance?

OpenStudy (anonymous):

I've tried multiplying $37 and 2.9% then dividing by 31 for the daily balance but it keeps saying its wrong..

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