Question: Could someone explain in detail how they get the answer, please? Chapter 14 Assignment Question 3 (of 10) 2.50 points Calculate the average daily balance

Could someone explain in detail how they get the answer, please?

Chapter 14 Assignment Question 3 (of 10) 2.50 points Calculate the average daily balance and finance charge. (Round your answers to the nearest cent.) 30-day billing cycle $3,000 9/16 Billing date 9/19 Payment 9130 Charge: Home Depot 10/3 Payment 10/7 Cash advance Previous balance 70 cr 2,000 70 cr 80 Finance charge is 1.25% on average daily balance Average daily balance Finance charge References eBook & Resources

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