Calculate (A)the average daily balance and (B)the finance charge if finance charge is 2 % on average daily balance.
$\begin{array}{l}
29 \text { Day Billing Cycle }\
\begin{array} { l l r }
11 / 20 & \text { Prev Balance } & \$ 1,000 \
11 / 27 & \text { Payment } & \$ 200 \
11 / 30 & \text { Charge } & \$ 150 \
12 / 9 & \text { Payment } & \$ 250 \
12 / 14 & \text { Cash Adv } & \$ 400
\end{array}
\end{array}$

Question

Calculate (A)the average daily balance and (B)the finance charge if finance charge is 2 % on average daily balance.
$\begin{array}{l}
29 \text { Day Billing Cycle }\
\begin{array} { l l r } 
11 / 20 & \text { Prev Balance } & \$ 1,000 \
11 / 27 & \text { Payment } & \$ 200 \
11 / 30 & \text { Charge } & \$ 150 \
12 / 9 & \text { Payment } & \$ 250 \
12 / 14 & \text { Cash Adv } & \$ 400
\end{array}
\end{array}$

Quizplus · Accepted Answer

The Answer of Calculate (A)the average daily balance and (B)the finance charge if finance charge is 2 % on average daily balance.
$\begin{array}{l}
29 \text { Day Billing Cycle }\
\begin{array} { l l r } 
11 / 20 & \text { Prev Balance } & \$ 1,000 \
11 / 27 & \text { Payment } & \$ 200 \
11 / 30 & \text { Charge } & \$ 150 \
12 / 9 & \text { Payment } & \$ 250 \
12 / 14 & \text { Cash Adv } & \$ 400
\end{array}
\end{array}$

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