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interest on a savings account is calculated at 0.35% per month based on the minimum daily balance. The following statement lists all the transactions in
interest on a savings account is calculated at 0.35% per month based on the minimum daily balance. The following statement lists all the transactions in an account for AprilJun one year.
Date | Transaction detail | Debit | Credit | Balance |
01 April | balance brought forward |
|
| 2360.10 |
07 April | withdrawal | 200.00 |
| 2160.10 |
03 May | deposit |
| 100.00 | 2260.10 |
15 Jun | deposit |
| 50.00 | 2310.10 |
The interest, in dollars, for the month of May is:
Select one:
a. $8.26
b. $7.88
c. $7.91
d. $79.10
e. $75.60
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