Given below is the information of a saving account, what is the average daily balance for the month of July?DatesBalanceMay 28Php 21,000June 15Php 24,000June 16Php 18,000June 25Php 19,500July 11Php 25,000July 19Php 22,300July 27Php 28,000August 8Php 30,000August 13Php 29,700August 26Php 26,000September 2Php 32,000 a. Php 23,700.00b. Php 23,780.00c. Php 23,012.90d. Php 24,787.10

From the given information, We have to find the average daily balance for the month of July. To…

Answered: Given below is the information of a…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

See similar textbooks

Similar questions

A) $478,806.74 B) $511,790.00 C) $84,747.28 D) $423,054.21
The Moneybuilder account offered by a chartered bank calculates interest daily based on the daily closing balance as follows: Interest rate (%) Amount to which the rate applies 0.00 Balance when it is below $1000 1.25 Entire balance when it is between $1000 and $3000 1.75 Portion of balance above $3000 The balance at the beginning of March was $1678. On March 5, $700 was withdrawn. Then $2500 was deposited on March 15, and $900 was withdrawn on March 23. What interest will be credited to the account for the month of March? (Do not round the intermediate calculations. Round your answer to the nearest cent.)
In order to purchase a home, a family borrows $45,000 at an annual interest rate of 12%, to be paid back over a 25 year period in equal monthly payments. What is their monthly payment? O A. $18 00 OB. $450.00 C. $490 79 OD $473.95 ELITEONE
Calculate the missing information on the following revolving credit account. Interest is calculated on the unpaid or previous month's balance. Do not enter the percent symbol in your answer. Round your answers to two decimal places. Annual Monthly Purchases Payments Previous Percentage Periodic Finance and Cash and New Balance Rate (APR) Rate Charge Advances Credits Balance $35.76 15% $156.70 $121.00
An association had a fund balance of 75 on January 1 and 60 on December 31. At the end of every month during the year, the association deposited 10 from membership fees. There were withdrawals of 5 on February 28, 25 on June 30, 80 on October 15, and 35 on October 31. Calculate the dollar-weighted rate of return for the year.
Use PMT = . Round to the nearest dollar. Suppose that you borrow $10,000 for four years at 7% toward the purchase of a car. Find the monthly payments and the total interest for the loan. A.$281; $13,488 B.$239; $1472 C.$624; $19,952 D.$239; $11,472
Calculate monthly interest for a $3,000 credit card bill with 15% APR using the average daily balance method. And it takes 9 days for a $60 payment to be received and recorded, and the month is 30 days long.
A time deposit of $110,000 of 31 days earns $900 on maturity date after deducting the 30% withholding tax interest income.find the rate of interest per annum
Explain Reporting the Funded Status of the Pension Plan.
i just need correct answer.
Determine the annual insurance premiums for a policy insuring a male age 40 , who wants to purchase a whole life policy with a face value of $50,500

Recommended textbooks for you

Advanced Engineering Mathematics

Advanced Math

ISBN:

9780470458365

Author:

Erwin Kreyszig

Publisher:

Wiley, John & Sons, Incorporated

Numerical Methods for Engineers

Advanced Math

ISBN:

9780073397924

Author:

Steven C. Chapra Dr., Raymond P. Canale

Publisher:

McGraw-Hill Education

Introductory Mathematics for Engineering Applicat…

Advanced Math

ISBN:

9781118141809

Author:

Nathan Klingbeil

Publisher:

WILEY

Advanced Engineering Mathematics

Advanced Math

ISBN:

9780470458365

Author:

Erwin Kreyszig

Publisher:

Wiley, John & Sons, Incorporated

Numerical Methods for Engineers

Advanced Math

ISBN:

9780073397924

Author:

Steven C. Chapra Dr., Raymond P. Canale

Publisher:

McGraw-Hill Education

Introductory Mathematics for Engineering Applicat…

Advanced Math

ISBN:

9781118141809

Author:

Nathan Klingbeil

Publisher:

WILEY

Mathematics For Machine Technology

Advanced Math

ISBN:

9781337798310

Author:

Peterson, John.

Publisher:

Cengage Learning,

Basic Technical Mathematics

Advanced Math

ISBN:

9780134437705

Author:

Washington

Publisher:

PEARSON

Topology

Advanced Math

ISBN:

9780134689517

Author:

Munkres, James R.

Publisher:

Pearson,

SEE MORE TEXTBOOKS

Dates	Balance
May 28	Php 21,000
June 15	Php 24,000
June 16	Php 18,000
June 25	Php 19,500
July 11	Php 25,000
July 19	Php 22,300
July 27	Php 28,000
August 8	Php 30,000
August 13	Php 29,700
August 26	Php 26,000
September 2	Php 32,000