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M. Mr. Daivon plans to go to Johor for a family gathering. He has a beginning balance for his Visa credit card statement dated 15
M. Mr. Daivon plans to go to Johor for a family gathering. He has a beginning balance for his Visa credit card statement dated 15 July 2022 of RM1230. On 17 July, he purchased a watch as gift value at RM450 at the Watch Shop. 3 days later, he bought grocercies at the hypermart. The amount of RM 550 was charged to his card. Since he will be driving to Johor, he sent his car for service on 23 July. The service cost RM810. He received his salary on the 25 th and immediately made payment of RM3,000 for his credit card. On the 30 July, he booked a 3 night hotel stay at Desaru starting 4-7 August and paid a booking fee of RM200. The charge of RM662 on hotel stay was made on the check out date. On 10 August he charged his card RM397 for a vaccum, however returned the product the next due to defect. The amount was refunded 2 days later into his credit card. Based on the information above, calculate Mr. Daivon's: i. Average daily balance (8 marks) ii. Interest charged (3 marks) iii. Amount of outstanding balance (3 marks) iv. Miminum payment that Mr. Daivon needs to pay
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