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QUESTION 1 Abu Zaki received his MSBB credit card statement for the period beginning 15 February to 14 March 2020. The interest rate is charged

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QUESTION 1 Abu Zaki received his MSBB credit card statement for the period beginning 15 February to 14 March 2020. The interest rate is charged at 18 percent per annum and the bank requires standard 5 percent for monthly minimum payment. The account transaction statement is stated below. Transaction Date Description of transactions Feb 15 Opening balance Feb 16 Iphone 12 pro Max (Maxis) Feb 17 Donation Feb 22 Credit card refund Feb 28 MAS return ticket to Sabah Mar 5 Popular Bookstore Mar 5 Petrol Mar 13 TF Value Mart (RM) 999 1,999 100 1500 250 27 120 350 Using average daily balance method (including current purchases), assist Abu Zaki to calculate the following: i) average daily balance, interest amount outstanding balance, minimum payment, and outstanding balance after minimum payment. v)

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