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

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

Correct Answer:

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