Liz has a revolving credit account at an annual percentage rate of 12%. Use the average daily balance method to find the new balance given the following statement of account. STATEMENT OF ACCOUNT Billing cycle: January 1-31 January 1 Previous month's balance $454.11 January 9 Payment 38.95 January 18 Velazquez Decks 77.87 January 22 Motorcycle Mecca 80.17 January 30 valencia Beauty Salon (Credit) 110.43 $146.69 $307.42 $462.77 $467.56

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 68SGR
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Liz has a revolving credit account at an annual percentage rate of 12%. Use the average daily balance method to find the new
balance given the following statement of account.
STATEMENT OF ACCOUNT Billing cycle: January 1–31
January 1
Previous month's balance
$454.11
January 9
Payment
38.95
January 18
Velazquez Decks
77.87
January 22
Motorcycle Meсса
80.17
January 30
Valencia Beauty Salon (Credit)
110.43
$146.69
$307.42
$462.77
$467.56
Transcribed Image Text:Liz has a revolving credit account at an annual percentage rate of 12%. Use the average daily balance method to find the new balance given the following statement of account. STATEMENT OF ACCOUNT Billing cycle: January 1–31 January 1 Previous month's balance $454.11 January 9 Payment 38.95 January 18 Velazquez Decks 77.87 January 22 Motorcycle Meсса 80.17 January 30 Valencia Beauty Salon (Credit) 110.43 $146.69 $307.42 $462.77 $467.56
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