Consider the following case:

On March $1,$ Ginny's credit card has a balance of $$1,125\mathrm{.}25.$ According to the terms of the card's lending agreement, an interest rate of $12\%$ per year

is assessed and the monthly finance charges are calculated using the Average Daily Balance $($ADB$)$ including purchases method.

During the month, Ginny expects to make the purchases listed below and will make a payment of $$84\mathrm{.}39$ on March $23,$ and has collected the following

additional information:

Additional Information

Monthly interest rate $,1\mathrm{.}00\%$

Beginning card balance $$1,125\mathrm{.}25$

Days in the month $31$Use the following table to help Ginny estimate her monthly interest charge for March.