The balance on Nucorp's revolving loan began the month at $35,000. On the eighth of the month another $10,000 was borrowed. Nucorp was able to repay $20,000 on the 25^th of the 31-day month. What was the average balance on the loan during the month? (Use each day's closing balance as the loan balance for the day.)

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The Answer of The balance on Nucorp's revolving loan began the month at $35,000. On the eighth of the month another $10,000 was borrowed. Nucorp was able to repay $20,000 on the 25^th of the 31-day month. What was the average balance on the loan during the month? (Use each day's closing balance as the loan balance for the day.)

The Balance on Nucorp's Revolving Loan Began the Month at $35,000