Question

For the month of December, a checking account has a balance of $500 for 12 days, $1250 for 12 days, $1150 for 3 days, and $600 for 4 days. What is the average balance for December?

Answer 1

$866.13

Explanation:

to get an average, you add up all the factors then divide them by how many there are. I added 500 12 times to 1250 12 times to 1150 3 times and 600 4 times.

aka (500*12)+(1250*12)+1150+1150+1150+600+600+600

then i divided by 31 because 12+12+3+4=31. giving the average $866.13.