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27 March, 08:57

The average daily balance is the mean of the balance in an account at the end of each day in a month. The following table gives the dates and amounts of the transactions in Elliott's account in June.

Day of June Transaction type Transaction amount (in dollars)

1 Starting balance 1223

10 Deposit 615

15 Withdrawal - 63

22 Withdrawal - 120

There are 30 days in June.

What is the average daily balance of Elliott's account for the month of June?

Answers (1)
  1. G
    27 March, 12:18
    0
    1583.90
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