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8:34 LTET 2.7.3 Credit Cards and Interest... + MTH-121-109 2.7.3: Credit Cards and Interest (K... Mastery: 47% Determine interest to be paid on a card's

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8:34 LTET 2.7.3 Credit Cards and Interest... + MTH-121-109 2.7.3: Credit Cards and Interest (K... Mastery: 47% Determine interest to be paid on a card's next billing date Question The average daily balance of a credit card for the month of August was $4,000, and the unpaid balance at the end of the month was $5,000. If the monthly interest rate is 3.4% of the average daily balance, what is the total balance on the next billing date September 1? Round your answer to the nearest cent. Provide your answer below

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