Question

Using the table, what is the average daily balance of the credit card for the December $1-$ December $31$ billing period? Round your answer to the nearest cent.

Day Activity Adjustment Closing Balance

$1$

$6$ Purchase $+500$

$9,500$

$16$ Purchase $+1,250$

$10,000$

$21$ Purchase $+3,000$

$14,250$