Question What kind of equation do I use to solve these two problems? Payment $200.00 04/15 Charge Gas $26.37 04/22 Charge Macy’s $105.42 04/25 Charge Starbuck’s $4.24 She started the month with a balance of $342.57. Find the average daily balance. 2.If her card charges an 18.5% annual interest rate on her average daily balance, calculate Miss Pepper Mill’s finance charge for the month of April.
Question
What kind of equation do I use to solve these two
problems?
Payment
$200.00
04/15
Charge
Gas $26.37
04/22
Charge Macy’s
$105.42
04/25
Charge Starbuck’s
$4.24
She started the month with a balance of $342.57.
- Find the average daily balance.
2.If her card charges an 18.5% annual interest rate on her average daily
balance, calculate Miss Pepper Mill’s finance charge for the month of April.
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