4. 10.25/1 Points] DETAILS PREVIOUS ANSWERS BRECMBC9 13.1.020. On October 24, you plan to purchase a $1.500 computer by using one of your two credit cards. The Silver Card charges 18% interest and calculates interest based on the balance on the first day of the previous month The Gold Card darges 18 interest and calculates interest based on the average daily balance. Both cards have a balance as of October 1. The closing date is the end of the month for each card Your plan is to make a $500 payment in November, make a $500 payment in December, and pay off the remaining balance in January, All your payments will be received and posted on the 10th of each month No other charges will be made on the account. (Round your answers to the nearest cent) (a) Based on this information, calculate the interest (in 5) charged by each card for this purchase Silver Card 340 Gold Card AB b) which card is the better deal and by how much (5) The God and the better deal by $4062 . [0.25/1 Points) DETAILS PREVIOUS ANSWERS BRECMBC9 13.1.020. MY NOTES ASK YOUR TEACHER On October 24, you plan to purchase a $1,500 computer by using one of your two credit cards. The Silver Card charges 18% interest and calculates interest based on the balance on the first day of the previous month. The Gold Card charges 18% interest and calculates interest based on the average daily balance. Both cards have a 0 belance as of October 1. The closing date is the end of the month for each card. Your plan is to make a $500 payment in November, make a $500 payment in December and pw off the remaining balance in January. All your payments will be recurved and posted on the 2000 each month. No other charges will be made on the account (Round your answers to the nearest cent.) (a) Based on this information, calculate the interest in 5) charged by each card for this purchase. Silver Card $495.6 Gold Card 48.00 () Which card is the better deal and by how much (in)? The Gold Card the better deal by 0.62 X