Question

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

Explanation:

To determine the average daily balance for a credit card's billing period, we use the concept of average. The average daily balance is calculated by taking the sum of the daily balances (the total of each day's balance during the billing period) and dividing it by the number of days in the billing period. This is a fundamental concept in finance (a subfield of Business) related to credit card billing and average calculations.

Answer:

the sum of the daily balances; number of days in the billing period