QUESTION 1 Amanda has recently opened a revolving charge account with Citibank VisaCard. Her credit limit is RM10,000 but she has not charged that much since opening the account In reviewing July's statement she notices that her beginning balance was RM7,500 on the 16th July 2019. On 4th July 2019, Amanda bought a Lenovo Notebook priced at RM4,200 on an easy payment plan using her Citibank VisaCard by spreading the price into 12 equal payments. The first payment had been effected on the purchase date while the subsequent payments will be debited to her Citibank VisaCard on every 4th of the consecutive months. On 9th July 2019, Amanda received a call from Citibank VisaCard centre advising her that the bank had agreed to refund RM300 being annual fee wrongly debited to her account in June 2019. The refund would be credited to her account on 31st July 2019. The following transactions were incurred during the period: Date Transaction 17.7.2019 Servicing charges on Honda BRV RM850 20.7.2019 Bought return Malindo Airline ticket to Australia RM1,200 21.7.2019 Health and body treatment at Herbaline in Melaka RM600 23.7.2019 Lunch at Periuk Belanga Restaurant RM150 01.8.2019 Bank-in RM2,500 at Citibank for monthly payment 01.8.2019 Dinner at Hard Rock Cafe Melaka RM210 05.8.2019 Paid SGD350 for room at Tropica Hotel Singapore 11.8.2019 Fuel at Petronas Station Ayer Keroh RM80 11.8.2019 Groceries at Myden Hypermarket Ayer Keroh RM120 Amanda needs to pay 1.5% per month on the unpaid balance, 5% per month for minimum payment. SGD/RM exchange rate on 5th August 2019 is RM2.58. Compute Amanda's (use average daily balance method including current purchases). (0) Average daily balance Interest charge by bank at the prescribed rate Total outstanding balance for the month (iv) Minimum payment (V) New balance after minimum payment fulfilled (10 marks)