The average daily balance is the mean of the balance in an account at the end of each day in a month. The following table gives the dates and amounts of the transactions in Elliott's account in June.
Day of June Transaction type Transaction amount (in dollars)
1
11 Starting balance
1223
12231223
10
1010 Deposit
615
615615
15
1515 Withdrawal
−
63
−63minus, 63
22
2222 Withdrawal
−
120
−120minus, 120
There are
30
3030 days in June.