What is the average daily balance on Jane's credit card account if she starts with $600 and makes a $300 payment during the billing cycle?

Algebraic Relationships and Average Balances

Interactive Video
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Mathematics
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9th - 10th Grade
•
Hard

Liam Anderson
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
$600
$550
$500
$450
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is the average daily balance calculated in the context of Jane's credit card problem?
By dividing the total balance by the number of transactions
By averaging the daily balances over the billing cycle
By subtracting payments from the initial balance
By multiplying the initial balance by the number of days
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If Jane's payment was credited on the 21st day, how many days did she maintain a $600 balance?
30 days
10 days
20 days
21 days
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the second statement reveal about the average daily balance through the 25th day?
It was $600
It was $540
It was $300
It was $450
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the algebraic problem, what is the relationship between 3 to the power of x and 9 to the power of x?
3^x is double 9^x
3^x is equal to 9^x
3^x is the square root of 9^x
3^x is half of 9^x
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the result when you square both sides of the equation 3^x + 3^-x = sqrt(b + 2)?
3^2x + 3^-2x = b + 2
3^2x + 3^-2x = b
3^x + 3^-x = b
3^x + 3^-x = 2b
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does statement one in the algebraic problem prove?
It provides no useful information
It proves the statement is true
It proves the statement is false
It contradicts the problem
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