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If interest is calculated on the minimum daily balance at 3% per annum, find the total interest due for the months of November and December.

If interest is calculated on the minimum daily balance at 3% per annum, find the total interest due for the months of November and December. Please give your answer correct to two decimal place.

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The following bank statement shows account transactions over the months of November and December. Debit ($) Credit ($) 50 Date 1 Nov 10 Nov 27 Nov 29 Nov 19 Dec 27 Dec 150 Balance ($) 3 500 3 550 3 400 3 800 3 680 3 730 400 120 50

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