Given the Following The Average Daily Balance Is:
A)$910

question 58

Multiple Choice

Given the following: $$\begin{array} { | l | r | } \hline 29 \text { day billing cycle } \\\hline 4 / 17 \text { Billing date previous balance } & \$ 1,100 \\\hline 4 / 27 \text { Payment } & \$ 700 \\\hline 4 / 29 \text { Charge } & \$ 300 \\\hline \text { 5/7 Payment } & \$ 50 \\\hline\end{array}$$ The average daily balance is:

• A)$910.34
• B)$755.17
• C)$810.43
• D)$755.71
• E)None of these

---

Definitions:

Consistent

Referring to the characteristic of being steady, reliable, and uniform over time.

Over Time

This term refers to the concept of a duration or period extending beyond the usual or expected time, often used in contexts ranging from work hours to the study of change.

Behavioral Economics

The subfield of economics that integrates the insights of psychology

Inconsistent

Lacking compatibility or uniformity, or displaying variance and contradiction within a stated set of facts or values.