of the note on August 28, 2017, if money is worth 6.5%. 10. Suppose your business has secured a line of credit and receives the accompanying statement of account for the month of October. The limit on your line of credit is $1000.00. You receive daily interest of 1.8% p.a. on positive balances and pay daily interest of 5% p.a. on negative(line of credit) balances. Overdraft interest is 18% p.a. on the daily amount exceeding your line of credit limit. There is a service charge of $5.00 for each transaction causing an overdraft or adding to an overdraft Calculate the a) total interest earned b) total line of credit interest charged e) overdraft interest charged d) Service charge e) Balance on 31 October Deposit Withdrawal Balance Date October 2 7 12 19 24 Transaction Description Balance Cheque 263 Cheque 264 Deposit Cheque 265 Cheque 266 490 00 272.00 1912.00 773.09 1263.09 1535.09 376.91 187.91 4.91 ? 29 189.00 183.00 31 **************End******* ****