2. A credit card company offers an interest rate of 1.6%. Using the sample bill below complete the following parts. Transaction Amount Transaction Description Previous balance, $240.00 May 1 Billing date May 7 Payment May 15 Charge: Computer May 17 Charge: Restaurant May 30 Charge:Clothing May 31 End of billing period Payment Due Date: June 9 $ 350.00 credit $ 1405.00 $ 45.20 $180.72 (a) Find the average daily balance for the billing period and round to the nearest cent. [8] (b) Find the interest to be charged on the next due date if the balance is not paid off. [3]