Answer :
To find the average daily balance given the information provided, we can follow these steps:
1. Calculate the total balance before the new purchase:
$3659 (initial balance) + $100 (new purchase) = $3759
2. Since no payments are made, the balance remains the same until the end of the month.
3. Determine the number of days in May from the 20th to the end of the month:
31 days - 20th (already counted) = 11 days
4. Calculate the average daily balance:
Total balance / Number of days = $3759 / 11 days = $341.73
Therefore, the average daily balance is approximately $341.73.
Based on the given options, the closest answer is:
B. $3,694.48
