Manuel Had An Unpaid Balance Of $445.12 For 18 Days And An Unpaid Balance Of $221.38 For 12 Days. Can You Calculate His Average Daily Balance.?
Answer:
Manuel's average daily balance (adb) is
adb = ((445.12)(18) + (221.38)(12))/(18 + 12)
= (8012.16 + 2656.56)/30
= 10668.72/30
= 355.624
Manuel's average daily go together is $355.62.
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