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Calculate Average Daily Balance

question 74

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Calculate average daily balance:
29 Day Billing Cycle 9/6 Balance $6009/18 Payment $2009/24 Charge $300\begin{array}{l}29 \text { Day Billing Cycle }\\\begin{array} { l l l } 9 / 6 & \text { Balance } & \$ 600 \\9 / 18 & \text { Payment } & \$ 200 \\9 / 24 & \text { Charge } & \$ 300\end{array}\end{array}

Definitions:

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