john smith has a credit card that charges 12% annual interest on the monthly average daily balance for the billing...

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john smith has a credit card that charges 12% annual interest on the monthly average daily balance for the billing cycle. The current billing cycle is 29 days. for 17 days his balance was $2,518.44. For 6 days the balance was 1,518.44 and for 6 days the balance was 1,836.82. Find the average dalily balance. find the amount of interest.
    • 11 years ago
    • 999999.99
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