Mary Jones just received the following statement. Can you help her calculate (A)the average daily balance and (B)the finance charge, if finance charge is 1 ½% on the average daily balance?
$\begin{array}{l}
29 \text { Day Billing Cycle }\
\begin{array} { l l r }
3 / 17 & \text { Prev Balance } & \$ 2,000 \
3 / 28 & \text { Payment } & \$ 100 \
4 / 3 & \text { Charge } & \$ 300
\end{array}
\end{array}$

Question

Mary Jones just received the following statement. Can you help her calculate (A)the average daily balance and (B)the finance charge, if finance charge is 1 ½% on the average daily balance?
$\begin{array}{l}
29 \text { Day Billing Cycle }\
\begin{array} { l l r } 
3 / 17 & \text { Prev Balance } & \$ 2,000 \
3 / 28 & \text { Payment } & \$ 100 \
4 / 3 & \text { Charge } & \$ 300
\end{array}
\end{array}$

Quizplus · Accepted Answer

The Answer of Mary Jones just received the following statement. Can you help her calculate (A)the average daily balance and (B)the finance charge, if finance charge is 1 ½% on the average daily balance?
$\begin{array}{l}
29 \text { Day Billing Cycle }\
\begin{array} { l l r } 
3 / 17 & \text { Prev Balance } & \$ 2,000 \
3 / 28 & \text { Payment } & \$ 100 \
4 / 3 & \text { Charge } & \$ 300
\end{array}
\end{array}$

Mary Jones Just Received the Following Statement