fill in each blank so that the resulting statement is true. the average daily balance for a credit cards…

fill in each blank so that the resulting statement is true. the average daily balance for a credit cards billing period is ______ divided by the ______. the average daily balance for a credit cards billing period is divided by the

fill in each blank so that the resulting statement is true. the average daily balance for a credit cards billing period is ______ divided by the ______. the average daily balance for a credit cards billing period is divided by the

Answer

Explanation:

Step1: Recall average daily balance formula

The average daily balance is calculated by taking the sum of the daily - balances for each day of the billing period and dividing it by the number of days in the billing period.

Step2: Identify the components

The numerator is the sum of the daily balances for each day of the billing period and the denominator is the number of days in the billing period.

Answer:

the sum of the daily balances for each day of the billing period; number of days in the billing period