Find the average daily balance for the following credit


Find the average daily balance for the following credit card account. Assume one month between billing dates using the proper number of days in the month. Then find the finance charge is interest is 1.5% per month on the average daily balance. Finally, find the new balance.

Previous balance $228.93

January 27            Billing date

February 9           Tennis-balls          $11.08

February 13         Returns                 $26.54

February 20         Payment                $29.00

February 25        Restaurant             $71.19

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Business Economics: Find the average daily balance for the following credit
Reference No:- TGS01117485

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