How is the average monthly balance calculated?

March 10, 2024 4:50 PM

The average monthly balance on Hubble is calculated by adding up the daily closing balances in your Hubble Wallet for a particular month and dividing it by the number of days in that month. The formula to calculate the average monthly balance is: Average monthly balance = Sum of daily closing balances in the account during the month / Number of days in the month.

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