8
QuizMultiple Choice

Credit Card Rates — Quiz

Question 8 • Financial Algebra/Mathematics

Danna had a starting balance of $150 on her credit card. On the 10th day of the billing cycle, she charged an additional $100, and on the 20th day, she returned an item for a credit of $50. What was Danna's average daily balance if the billing cycle is 30 days?

Answer
A
$21
B
$201.67
C
$166.67
D
$183.33
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