Right or Wrong? If You Owe $3,300 for 7 Days $\frac { ( \$ 3,300 \times 7 ) + ( \$ 1,000 \times 24 ) } { 30 } = \$ 1,570$

Multiple Choice

Right or Wrong? If you owe $3,300 for 7 days in January and $1,000 for 24 days, then the average daily balance (to the nearest cent) is $\frac { ( \$ 3,300 \times 7 ) + ( \$ 1,000 \times 24 ) } { 30 } = \$ 1,570$

A) Wrong
B) Right