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On the March 8 billing date, Alexandra had a balance due of $717.18 on her credit card. The transactions during the following month were: Date
On the March 8 billing date, Alexandra had a balance due of $717.18 on her credit card. The transactions during the following month were: Date Transaction March 10 Charge: groceries March 11 Payment March 28 Charge: bicycle April 7 Charge: medicines Amount 89.47 191.34 215.11 173.78 The interest rate on the card is 1.4% per month. Using the average daily balance method, find the average daily balance for the billing period, the finance charge, and the balance due on April 8. Round your answers to the nearest cent. Average Daily Balance: $ Finance Charge: $ Balance Due on April 8: 5
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