Problem 12: A credit card issuer calculates interest using the average daily balance method. The monthly interest rate is 1.15% of the average daily balance. The following transactions occured during the November 1 - November 30 billing period. Transaction Description Previous balance, $2527.30 November 1 Billing Date Transaction Amount November 7 Payment $400.00 credit November 11 Charge: Gas $54.15 November 16 Charge: Groceries $153.71 November 30 End of billing period Payment Due Date: December 9 a) Use the table below to calculate the average daily balance for the billing period. Round to the nearest cent. b) Find the interest to be paid on December 1, the next billing date. Round to the nearest cent.