10. Suppose your business has secured a line of credit and receives the accompanying statement of account for the month of October. The limit on your line of credit is $1000.00. You receive daily interest of 1.5% p.a. on positive balances and pay daily interest of 7% p.a. on negative(line of credit) balances. Overdraft interest is 20% p.a. on the daily amount exceeding your line of credit limit. There is a service charge of $5.00 for each transaction causing an overdraft or adding to an overdraft. Calculate the a) total interest earned b) total line of credit interest charged c) overdraft interest charged d) Service charge e) Balance on 31st October. Date Transaction Description Deposit Withdrawal Balance October 2 Balance -773.09 7 Cheque 263 490.00 -1263.09 12 Cheque 264 272.00 -1535.09 19 Deposit 1912.00 376.91 225 24 Cheque 265 189.00 187.91 29 Cheque 266 183.00 4.91 31