10.8 Q2

Credit Card Statement Transaction Amount Transaction Description Previous balance. $2645.44 June 1 Billing date June 6 Payment June 8 Charge: Gas June 9 Charge: Groceries June 17 Charge: Gas Charge: Groceries June 27 Charge: Clothing June 30 End of billing period Payment Due Date: July 9 $1200.00 credit $36.19 $138.16 $41.88 $127.95 $213.76 Print Done The credit card with the transactions described in the popup below uses the average daly balance method to calculate interest. The monthly interest rate is 16% of the average daily balance Calculate parts and using the statement in the popup Click the icon to view the credit card statement a. Find the average daily balance for the biling period. Round to the nearest cent The average daily balance for the billing period is $ (Round to the nearest cont as needed)