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For the credit card account below, assume one month between billing dates and interest of 1.5% per month on the average daily balance. With a
For the credit card account below, assume one month between billing dates and interest of 1.5% per month on the average daily balance. With a previous balance of $975.00 August 16 Billing Date August 18 Clothes $65.00 August 21 Online Purchase $14.92 August 25 Returns $25.41 August 31 Dinner Out $31.82 September 9 Payment $108.00 September 15 Concert tickets $150.00 Find a) The average daily balance b) The monthly finance charge c) The account balance for the next billing
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