Question The average daily balance of a credit card for the month of January was $800, and the unpaid balance at the end of the month was $900. If the monthly interest rate is 2.0% of the average daily

Question

The average daily balance of a credit card for the month of January was $800, and the unpaid balance at the end of the
month was $900. If the monthly interest rate is 2.0% of the average daily balance, what is the total balance on the next
billing date February 1? Round your answer to the nearest cent. Do not use commas to separate numbers or dollar signs.
For example, $5, 678.00 should be entered as 5678.00.

Question The average daily balance of a credit card for the month of January was $800, and-example-1

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Question The average daily balance of a credit card for the month of January was $800, and the unpaid balance at the end of the month was $900. If the monthly interest rate is 2…

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