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Here is Kala's credit card statement for the month of April. Date Transaction April 1 Beginning balance April 16 Payment April 23 Purchase April 25
Here is Kala's credit card statement for the month of April. Date Transaction April 1 Beginning balance April 16 Payment April 23 Purchase April 25 Payment Transaction amount $1600.08 $620.00 $56.45 $100.00 (a) Use the credit card statement to help fill in the table below. Note that there are 30 days in April. Also, a purchase increases the unpaid balance, and a payment decreases the unpaid balance. Date Transaction April 1 Beginning balance April 16 Payment April 23 Purchase April 25 Payment Transaction Unpaid Number of days at that balance amount balance $1600.08 $1600.08 15 days (from April 1 through April 15) $620.00 $980.08 | days (from April 16 through April 22) $56.45 $2 days (from April 23 through April 24) $100.00 $0 6 days (from April 25 through April 30) Total: 30 days Unpaid Number balance of days $24,001.20 $ $ $ Total: $0 (b) Find the average daily balance. Write your answer to the nearest cent. $ (c) Suppose the credit card company charges an interest rate of 1.3% on the average daily balance for April found in part (b). How much interest will be charged? Write your answer to the nearest cent. $ (d) What will Kala's beginning balance be for the month of May (including the interest for April found in part (c))? $]
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