Question

for the month for october, a checking account had a balance of $550 for 16 days, $382 for 7 days, and $828 for 8 days. what was the average balance for this account in october?

Answer 1

we calculate the average:

(550*16+382*7+828*8)/31=18098/31=583.806...=583.80

average balance of this account in October: $583.8

Explanation: