Suppose the charge account of Strong's Mailing Service at the local supply store had a 1.8% interest rate per month on the average daily balance. Find the average daily balance if Strong's had an unpaid balance on March 1 of $146.60, a payment of $40 posted on March 11, and a purchase of $22.60 posted on March 18. The billing cycle ends March 31. The average daily balance is $ Type an integer or decimal rounded to the nearest hundredth as needed.)

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Suppose the charge account of Strong's Mailing Service at the local supply store had a 1.8% interest rate per month on the average daily balance. Find the average daily balance if Strong's had an unpaid balance on March 1 of $146.60, a payment of $40 posted on March 11,
and a purchase of $22.60 posted on March 18. The billing cycle ends March 31.
The average daily balance is $.
(Type an integer or decimal rounded to the nearest hundredth as needed.)
C
Transcribed Image Text:Suppose the charge account of Strong's Mailing Service at the local supply store had a 1.8% interest rate per month on the average daily balance. Find the average daily balance if Strong's had an unpaid balance on March 1 of $146.60, a payment of $40 posted on March 11, and a purchase of $22.60 posted on March 18. The billing cycle ends March 31. The average daily balance is $. (Type an integer or decimal rounded to the nearest hundredth as needed.) C
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