During a given month, Juana carries an average daily balance of $$5,000$ on her credit card. Her credit card charges her an APR of $16\mathrm{.}99\%.$Use the equation below to calculate how much Juana will owe in interest on her credit card balance for the month. If needed, refer to the tutorial on Calculating Credit Card Interest Charges in the Tutorial tab.

I $=$ interest charge for one month

APR $=$ annual percentage rate

ADB $=$ average daily balance

I $=$ ADB$*($APR$/12)$ or ADB$*$APR$/12$

Note: Round off your answers two places to the right of the decimal point.