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Here is Carmen's credit card statement for the month of March. Date Transaction Transaction amount $1600.04 March 1 Beginning balance March 6 Payment March 9
Here is Carmen's credit card statement for the month of March. Date Transaction Transaction amount $1600.04 March 1 Beginning balance March 6 Payment March 9 Purchase March 22 Payment $630.00 $35.55 $500.00 (a) Use the credit card statement to help fill in the table below. Note that there are 31 days in March. Also, a purchase increases the unpaid balance, and a payment decreases the unpaid balance. Date Transaction Transaction amount Unpaid balance Number of days at that balance March 1 March 6 March 9 Beginning balance Payment Purchase $1600.04 $1600.04 5 days (from March 1 through March 5) $630.00 $970.04 | days (from March 6 through March 8) $35.55 $ 13 days (from March 9 through March 21) $500.00 $ 10 days (from March 22 through March 31) Total: 31 days Unpaid Number balance of days $8000.20 $ $3 $ Total: $0 March 22 Payment (b) Find the average daily balance. Write your answer to the nearest cent. $ (c) Suppose the credit card company charges an interest rate of 1.5% on the average daily balance for March found in part (b). How much interest will be charged? Write your answer to the nearest cent. $] (d) What will Carmen's beginning balance be for the month of April (including the interest for March found in part (c))? si
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