John Smith has a credit card that charges 11% annual interest on the monthly average daily balance for the billing cycle. The current billing cycle has 30 days. For 14 days his balance was $2,518.75. For 8 days the balance was $1,518.75. And for 8 days the balance was $1,852.44. Find the average daily balance. Find the amount of interest . The average daily balance is $. The amount of interest is $ (Round to the nearest cent as needed.)