On the 1st of the month, beginning balance of Jacob's charge account is $298.50. A payment of $20 was made on the 15th of the month. It is a 30-day billing cycle. A charge of $45 was made on the 25th of the month. What is the average daily balance?

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The Answer of On the 1st of the month, beginning balance of Jacob's charge account is $298.50. A payment of $20 was made on the 15th of the month. It is a 30-day billing cycle. A charge of $45 was made on the 25th of the month. What is the average daily balance?

On the 1st of the Month, Beginning Balance of Jacob's