5. Christine made the following transactions: purchase of P 5 520 on July 5; purchase of P 12 080 on July 12; payment of P 5 000 on July 17 using her credit card which had an unpaid bill of P 7 200 on July 2. The interest on the average daily balance is 2.5% per month. The next billing date is August 2. Find the average daily balance, finance charge and current balance.Section: Date: Activity 5 Credit Cards Solve the following. 1. A credit card had a previous balance of P 7 000 on May 9. A purchase of P 2 300 was made on May 14, and a payment of P 1 050 was made on May 26. Find the average daily balance, finance charge and current balance if the billing date is June 9 and the interest rate is 3.5% per month. 2. A credit card account had a balance of P 6 200 on December 1. A purchase of P 1 800 was made on December 9 and a payment of P 2 500 was made on December 20. Find the average daily balance if the billing date is on January 1. 3. Cardo's bill of P 6 000 was due on November 5. A purchase of P 3 100 was made on November 9 and P 5 200 was charged on November 21. A payment of P 3 000 was made on November 16. The interest on the average daily balance is 2.5% per month. Find the average daily balance, finance charge and current balance if the billing date is every 5th of the month. 4. A credit card statement shows an unpaid balance of P 8 150 on April 3. Purchases made were: April 8 purchase of P 2 000; April 15 purchase of P 9 200; April 18 payment of P 4 000; and April 23 purchase of P 5 520. Find the average daily balance, finance charge and current balance if the billing date is on May 3 and the interest rate is 2.75% per month. O O