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18) Raoul's credit card statement showed these transactions during May. May 1 Previous balance $304.29 May 6 Payment $100.00 May 10 Purchases $58.10 May 15

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18) Raoul's credit card statement showed these transactions during May. May 1 Previous balance $304.29 May 6 Payment $100.00 May 10 Purchases $58.10 May 15 Payment $100.00 May 26 Purchases $114.73 The interest rate is 18% per month on the average daily balance. Find the average daily balance, the finance charge for the month, and the new balance on June 1. 5

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