Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller

تمرين 98

(a) Find the average daily balance for the following credit card accounts. Assume one month between billing dates using the proper number of days in the month. (b) Then find the finance charge if interest is 1.5 % per month on the average daily balance. (c) Finally, find the new balance. (See Example 2.)