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Calculating the average daily balance and the finance charge of the given scenario. (Note: Show the complete solution) An unpaid bill for Php 620 had a due date of March 10. A purchase of Php 214 was made on March 15, and Php 67 was charged on March 30. A payment of Php 200 was made on March 22. The interest on the average daily balance is 1.5% per month. Find the finance charge on the April 10 bill.

Calculating the average daily balance and the finance charge of the given scenario. (Note: Show the complete solution) An unpaid bill for Php 620 had a due date of March 10. A purchase of Php 214 was made on March 15, and Php 67 was charged on March 30. A payment of Php 200 was made on March 22. The interest on the average daily balance is 1.5% per month. Find the finance charge on the April 10 bill.

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Calculating the average daily balance and the finance charge of the given scenario. (Note: Show the complete solution) An unpaid bill for Php 620 had a due date of March 10. A purchase of Php 214 was made on March 15, and Php 67 was charged on March 30. A payment of Php 200 was made on March 22. The interest on the average daily balance is 1.5% per month. Find the finance charge on the April 10 bill.
Transcribed Image Text:Calculating the average daily balance and the finance charge of the given scenario. (Note: Show the complete solution) An unpaid bill for Php 620 had a due date of March 10. A purchase of Php 214 was made on March 15, and Php 67 was charged on March 30. A payment of Php 200 was made on March 22. The interest on the average daily balance is 1.5% per month. Find the finance charge on the April 10 bill.
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