1. Julia starts April with a credit card balance of $300 because she was not able to make the full payment for March.

During April, she makes the following purchases:

April 10 - $250 for groceries.

April 18 - $800 for a new phone

April 23 - $80 for a birthday present for her brother

a. Calculate the Average Daily Balance given that there are 30 days in April. You will need to divide April into four sets of days. 19

b. Using the Average Daily Balance you calculated in the previous question, determine how much interest Julia is charged for April if her credit card has a 16% interest rate.

2. . Steven has a family emergency and needs money immediately. He decides to take out a Payday Loan. He needs $1000 and is charged $20 for each $100 he borrows. He must pay the loan back in 4 weeks. What is the yearly interest rate on this loan?

3. Sketch a single graph with four lines showing the differences over time between simple interest, yearly compounding, monthly compounding and daily compounding. You do not need exact numbers but you should clearly label the four lines.

PLEASE ANSWER ALL THE QUESTIONS. I will rate your answer. I will give it a thumbs up.

please answer at least number 1 and 2.