we need the average daily balance according to the question, the average daily balance ....is the average of the daily balances at the end of each of the 30 days so we need to know the balance on each of the 30 days since only 1 transaction happened in the month (-$300) For condition 1: (1) Jane's payment was credited on the 21st day of the billing cycle we know that the daily balance for day 21st then, which is 600-300=300, so for day 22-30, also 300 for day 1-20, 600. so the average= (300x9+600x21)/30= 510 (2) since only 1 transaction happened and day1st- 25th average is $540, which is less than 600. which means that, the payment is some day before 25th let the some day be x so 600x+ 300*(25-x)=540x25 x=20, means, the payment was made on 20th day the rest of the steps will be similar to condition 1 末了说一句,真TMD的操蛋题 不知道我这么理解对不对 |