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

---

Definitions:

Social Media

Online platforms and technologies that enable users to create, share content, and participate in social networking.

2020 Workplace

Refers to modern workplace trends and practices that were highlighted or became significant in the year 2020, often associated with remote work and digital transformation.

Independently

Operating or working in a manner that is free from outside control or influence.

2020 Workplace

A term referring to the evolving expectations, technologies, and practices affecting workplaces in the year 2020 and beyond, highlighting shifts in demographics, digital technology, and work habits.