On October 22, you plan to purchase a $3,000 computer by using one of your two credit cards. The silver card charges 18% interest and calculates interest based on the balance on the first day of the previous month. The gold card charges 18% interest and calculates interest based on the average daily balance. Both cards have a $0 balance as of October 1. The closing date is the end of the month for each card. Your plan is to make a $1,000 payment in November, make a $1,000 payment in December, and pay off the remaining balance in January. All your payments will be received and poste on the the 10th of each month. No other charges will be made on the account.

a. Based on this information, calculate the interest charges by each credit card for this purchace.

b. Which card is the better deal and by how much?