2. Your credit cards annual interest rate is 21 percent.The previous months balance is $35,000. And you have made payments against your credit card balance totaling $7,000. You made no additional purchases during the month. Your total daily balance for the month is $735,000 and the month has 30 days. Required: Calculate the interest for the month on the credit card using:

a) Average Daily Balance Method [4 marks]

b) Adjustable Balance Method [3 marks]

c) Previous Balance Method [3 marks]