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2 Jennifer is charged interest of 19.99% per annum on her credit card. wN 00 4 Dec-01 Jennifer withdrew $500 as a cash advance from

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2 Jennifer is charged interest of 19.99% per annum on her credit card. wN 00 4 Dec-01 Jennifer withdrew $500 as a cash advance from her credit card. Jennifer received her credit card statement, showing a minimum balance Dec-31 5 owing of $10, due by January 12 6 Jan-12 Jennifer paid the minimum balance of $10 7 Feb-12 Jennifer paid the minimum balance of $10 8###### Jennifer paid the minimum balance of $10 9 Apr-01 Jennifer paid the full balance owing 10 11 a) Compute the amount of interest charged during the month of December. (1 mark) 12 13 14 15 16 17 b) 18 19 20 What is the balance owing at the end of January? (3 marks) BEGINNING BALANCE LESS DEPOSIT RATE T INEREST BALANCE 21 22 23 24 25 c) 26 27 28 29 30 What is the balance owing at the end of February? (3 marks) LESS DEPOSIT RATE TH INEREST BALANCE

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