Question

help!! The balance of Tabitha's average balance checking account at the beginning of the last cycle was $260, and the only transaction for the cycle was a check that Tabitha wrote for $20, which cleared exactly halfway through the cycle. On what amount did Tabitha's checking account pay interest last cycle?

Answer 1

Answer: $250 -apex

Explanation:

Answer 2

The amount Tabitha's checking account "pays" interest for that cycle would be: 260 plus 20: 280/2: 140 $, this is a general calculation, without knowing the conditions of the account, if it generates interest, or if there is a minimum amount to do so, or to avoid maintenance fees.