The activity on Denise Hellings' Sears account for one billing period is shown below. Find the average daily balance and finance charge if the billing period is March 1 through March 31, the previous balance was $156.68, and the annual simp interest rate is 21%. (Round your answers to the nearest cent.) March 5 payment $25.00 March 17 tools $34.78 average daily balance $ 141.00 finance charge

Advanced Engineering Mathematics
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ISBN:9780470458365
Author:Erwin Kreyszig
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The activity on Denise Hellings' Sears account for one billing period is shown below. Find the average daily balance and
finance charge if the billing period is March 1 through March 31, the previous balance was $156.68, and the annual simp
interest rate is 21%. (Round your answers to the nearest cent.)
March 5
payment
$25.00
March 17 tools
$34.78
average daily balance
$ 141.00
finance charge
Transcribed Image Text:The activity on Denise Hellings' Sears account for one billing period is shown below. Find the average daily balance and finance charge if the billing period is March 1 through March 31, the previous balance was $156.68, and the annual simp interest rate is 21%. (Round your answers to the nearest cent.) March 5 payment $25.00 March 17 tools $34.78 average daily balance $ 141.00 finance charge
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