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Home Q & A Board Science-Related Homework Help Mathematics
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jkim3464 jkim3464
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11 months ago
The balance on your line of credit began the month at $2,000. On the fifth of the month, another $1,000 was borrowed. A payment of $500 was made on the 16th day of the month. Assuming 31 days in the month, what was the average balance on the loan during the month? (Use each day's closing balance as the loan balance for the day.)
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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moon21cmoon21c
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