The average daily balance is the mean of the balance in an account at the end of each day in a month. The following table gives the dates and amounts of the transactions in Elliott's account in June.
Day of June Transaction type Transaction amount (in dollars)
1 Starting balance 1223
10 Deposit 615
15 Withdrawal - 63
22 Withdrawal - 120
There are 30 days in June.
What is the average daily balance of Elliott's account for the month of June?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The average daily balance is the mean of the balance in an account at the end of each day in a month. The following table gives the dates ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Betsy a recent retiree require $6000 per year in extra income she has a $50,000 to invest and can invest in B rated bonds paying 17% per year or in a certificate of deposit paying 7% per year how much money should be invested in each to realize
Answers (1)
What's the slope perpendicular line of 4x + 6y = 8
Answers (1)
solve the equation r/3 - 4 = 11
Answers (2)
If the shirts are originally priced at $28.99 and $30.29 and there is 6% sales tax, how much does Marcus end up paying for them?
Answers (1)
Use Euclid's division lemma to show that the square of any positive integer of the form 3m or 3m+1 for some interger q?
Answers (1)
New Questions in Mathematics
Solve the differential equation by variation of parameters, subject to the initial conditions y (0) = 1, y' (0) = 0. 9y'' - y = xex/3
Answers (1)
Joey rolls a regular number cube. What's the chance he rolls an even number? Record your answer as a simplified fraction using "/" as your fraction key.
Answers (1)
You are playing a game and it is your turn to spin the spinner shown. There are four possible results: blue, green, yellow, or purple. What is the probability that you land on purple?
Answers (1)
seventy percent of the 100 students in a middle school cafeteria bought their lunch. Some of the students that bought their lunch leave the cafeteria to attend an assembly. Now only 60% of the remaining students bought their lunch.
Answers (1)
Before his basketball game, Jessie is responsible for cleaning the visiting teams team's half of the court. Three of his teammates are responsible for cleaning the home teams half of the court.
Answers (1)