John Smith has a credit card that charges 12% annual interest on the monthly average daily balance for the billing cycle. The current billing cycle has 29 days For 15. days his balance was $2,596.47. For 6 days the balance was $1.596 47. And for 8 days the balance was $1.876.89 Find the average daily balance. Find the amount of interest The average daily balance is $The amount of interest is 1 (Round to the nearest cent as needed.)