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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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