Calculate the average daily balance, finance charge, and new balance using the average daily balance method.
Monthly rate = 1.75%
Date
Payments Purchases
Balance
Number of Days Product/Sum
9/1 - 9/5
$387.52
$1,937.60
9/6
$50.00
$337.52
$337.52
9/7 - 9/18
9/19
$62.66
$400.18
$400.18
9/20 - 9/30
Total
30
$
The average daily balance =
- 30 = $
Finance charge = monthly rate x average daily balance = $
New balance = previous balance - payment/credits + finance charge + new purchases $

the answer is 200

step-by-step explanation:

the way the question is worded, it seems to imply the $264 interest is simple interest, not compound interest.

the simple interest for 2 years is $264; the simple interest for 1 year is $132.

$132 interest on a $600 investment means an interest rate of (132/600)*100 = 22%.

the value of $200 at 22% interest compounded annually for three years is

200%281.22%29%5e3

the amount of interest is that value, minus the original $200.

answer:

a=9

step-by-step explanation: lmk if you need a explanation

step by step solution :

step   1   :

1.1     4 = 22

(4)3 = (22)3 = 26

equation at the end of step   1   :

  ((23) • 26)2

step   2   :

equation at the end of step   2   :

  (23 • 26)2

step   3   :

final result :

  218

ya