Assume a 31-Day Month to Calculate Your Average Daily Balance

question 74

Multiple Choice

Assume a 31-day month to calculate your average daily balance for your credit card bill.Your daily balance for the first 10 days was $1,400,for the next 10 days was $1900,and for the last 10 days was $2700.What will your average daily balance be at the end of the month?

• A) $1935.48
• B) $19.35
• C) $193.58
• D) $1.94

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Definitions:

Effectiveness

The degree to which something achieves its intended outcome or success in producing a desired result.

Shneidman

A psychologist known for his work in the field of suicidology and for developing theories on the psychological aspects of suicide.

Indirect Role

A function or influence that is not directly involved in the execution of a process but affects the outcome in a more removed or secondary manner.

Elderly

Refers to individuals who are significantly beyond the average age of retirement, typically past the age of 65.