Calculate (A)the average daily balance and (B)the finance charge, if finance charge is 1% on the average daily balance.
$\begin{array}{l}
30 \text { Day Billing Cycle }\
\begin{array} { l l r }
4 / 20 & \text { Prev Balance } & \$ 800 \
4 / 27 & \text { Payment } & \$ 100 \
4 / 30 & \text { Charge } & \$ 300 \
5 / 9 & \text { Payment } & \$ 50 \
5 / 12 & \text { Cash Adv } & \$ 200
\end{array}
\end{array}$

Question

Calculate (A)the average daily balance and (B)the finance charge, if finance charge is 1% on the average daily balance.
$\begin{array}{l}
30 \text { Day Billing Cycle }\
\begin{array} { l l r } 
4 / 20 & \text { Prev Balance } & \$ 800 \
4 / 27 & \text { Payment } & \$ 100 \
4 / 30 & \text { Charge } & \$ 300 \
5 / 9 & \text { Payment } & \$ 50 \
5 / 12 & \text { Cash Adv } & \$ 200
\end{array}
\end{array}$

Quizplus · Accepted Answer

The Answer of Calculate (A)the average daily balance and (B)the finance charge, if finance charge is 1% on the average daily balance.
$\begin{array}{l}
30 \text { Day Billing Cycle }\
\begin{array} { l l r } 
4 / 20 & \text { Prev Balance } & \$ 800 \
4 / 27 & \text { Payment } & \$ 100 \
4 / 30 & \text { Charge } & \$ 300 \
5 / 9 & \text { Payment } & \$ 50 \
5 / 12 & \text { Cash Adv } & \$ 200
\end{array}
\end{array}$

Calculate (A)the Average Daily Balance and (B)the Finance Charge, If