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Emptypockets451
28.07.2019 •
Mathematics
The balance of aaron's average balance checking account at the beginning of last cycle was $400, and the only transaction for the cycle was a check that aaron wrote for $200, which cleared exactly halfway through the cycle. on what amount did aaron's checking account pay interest last cycle?
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Ответ:
Ответ:
Aaron's checking account pay interest last cycle at $300
Step-by-step explanation:
Banks pay pay interest on a daily basis compounded 365 days a year.
Interest paid for the first half of the month = $400
Interest paid for the second half of the month = $200
Now, for finding the average balance :
We add both the interests paid for the first and the second month then divide their sum by 2
So, Aaron's checking account pay interest last cycle at $300
Ответ:
none I think it's the answer is 2