118 Mathematics Applications Unit 1 The partly completed savings account statement is shown below. The interest rate for this acco is 3.9% p.a. and the interest is added to the account on the 1" July. Date Particulars Debit Credit Balance 904.65 CREDIT CARDS 12 Aug Opening balance 67.97 A credit card is a plastic card is 3 Sep Direct Debit 350.00 15 Sep Direct Credit 1186.68 approved funds to purchase g 28 Sep Direct Credit 1271.18 Credit cards are very conveni need to carry cash. They als 19 Oct Direct Credit 1521.18 22 Oct Direct Credit 555.00 2076.18 Credit cards have a maximum Direct Debit 178.55 credit limit. The amount of t 15 Nov 16 Nov Direct Credit credit rating and credit histo 1952.63 8 Dec Direct Credit 256.89 When a credit card is used (a) Complete the savings account statement. their behalf. Many mercha goods despite the fee the (b) Calculate the interest for September(30 days) based on the minimum monthly balance rounding your answer down to a whole number of cents. The card issuer sends th expectation that the card has interest free days. (c) Calculate the interest for October (31 days) based on the minimum monthly balance rounding your minimum amount state answer down to a whole number of cents. full payment is made o Card issuers have se and fee charges and (d) Calculate the interest for November(30 days) based on the minimum monthly balance rounding your answer down to a whole number of cents. conditions. Minimum Payment The minimum pay (e) The next transaction on this account was on 8" January when $6000 was deposited into the outlined in the tern account. Calculate the interest for December (31 days) based on the minimum monthly balance rounding your answer down to a whole number of cents. in a way that allow card off, assuming e.g 1 Minimum the