Elizabeth Mountbatten, a biologist from Lexington, Kentucky

| September 2, 2016

Question
Elizabeth Mountbatten, a biologist from Lexington, Kentucky, is curious about the accuracy of the average daily balance shown on her most recent credit card billing statement, which appears in Figure 7.2. .transtutors.com/qimage/image09062014730.png” alt=” width=”>

Figure 7.2 Sample Statement for a Revolving Charge Account

Use the posting dates for her account to calculate her average daily balance and compare the result with the amount shown on the statement.

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