Use the average daily balance method to compute the amount

Last updated: 12/14/2022

Use the average daily balance method to compute the amount of interest that will be charged at the end of the billing cycle Use a 365 day year Month May 31 days Previous month s balance 960 Interest rate 18 Date Transaction May 3 made payment of 380 May 12 purchase of 105 May 21 purchase of 95 May 29 made payment of 65 A 10 70 B 7 45 C 8 28 OR 11 66 EXTE