Credit Cards

Question $3,8\mathrm{.}8\mathrm{.}1$

Part $1$ of $4$

HW Scor

$($ Point

The credit card with the transactions described on the right uses the average daily balance method to calculate interest. The monthly interest rate is $1\mathrm{.}5\%$ of the average daily balance. Calculate parts a$-$d using the statement on the right.

$\backslash$table$[[$Transaction Description,$\backslash$table$[[$Transaction$],[$Amount$]]],[$Previous balance, $$6320\mathrm{.}00,],[$March $1$ Billing date,$],[$March $5$ Payment,$$350\mathrm{.}00$ credit$],[$March $7$ Charge: Restaurant,$$60\mathrm{.}00$