question 6 (12.5 points)listed below are the transactions on a credit card for the month of june.find the…

Explanation:

Step1: Calculate balance after June5

$725.73 - 135.77 = 589.96$

Step2: Calculate days for first balance

$5 - 1 = 4$ days

Step3: Calculate balance after June9

$589.96 + 50.73 + 85.69 = 726.38$

Step4: Calculate days for second balance

$9 - 5 = 4$ days

Step5: Calculate days for final balance

$30 - 9 = 21$ days

Step6: Calculate total daily balance

$(725.73 \times 4) + (589.96 \times 4) + (726.38 \times 21)$ $= 2902.92 + 2359.84 + 15253.98 = 20516.74$

Step7: Compute average daily balance

$\frac{20516.74}{30}$

Answer:

$683.89$