et calculate interest onthly interest rate i s transactions the In cackes od. Round xt billing dat monthly payment period is less the Exercises 3-4 involve credit cards that calculate in average daily balance method. The monthly intere s ofte average daily balance. Each exercise shows occurred during the June 1-June 30 billing period. In a. Find the average daily balance for the billing period the nearest cenf. b. Find the interest to be paid on July 1, the ner har Round to the nearest cent. c. Find the balance due on July 1. d. This credit card requires a $30 minimum monthly pe the balance due at the end of the billing period is $400. Otherwise, the minimum monthly payment is balance due at the end of the billing period, rounded un nearest whole dollar. What is the minimum monthly pa due by July 97 Transaction Description Transaction Amount Previous balance, $2653.48 June 1 Billing date June 6 Payment $1000,00 credit June 8 Charge: Gas $ 36.25 June 9 Charge: Groceries $ 138.43 June 17 Charge: Gas $ 42.36 Charge: Groceries $ 12719 June 27 Charge: Clothing $ 214.83 June 30 End of billing period Payment Due Date: July 9 Transaction Amount Transaction Description Previous balance, $4037.93 June 1 Billing date June 5 Payment June 10 Charge: Gas June 15 Charge: Prescriptions June 22 Charge: Gas Charge: Groceries June 29 Charge: Clothing June 30 End of billing period Payment Due Date: July 9 $350.00 credit $ 31.17 $ 42.50 $ 43.86 $112.91 $ 96.73