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QUESTION 12 Activity on Jean's credit card for one billing cycle is shown in the table below. DATE JAN 29 AMOUNT BALANCE $514.79 DAYS 12
QUESTION 12 Activity on Jean's credit card for one billing cycle is shown in the table below. DATE JAN 29 AMOUNT BALANCE $514.79 DAYS 12 FEB 9 FEB 15 FEB 20 FEB 25 ACTIVITY (first day of billing cycle) Books-R-Us Gas Mart Payment Baseball Tickets $11.08 $79.00 $200.00 $43.00 525.87 604.87 404.87 447.87 6 5 5 3 If Jean is charged a monthly interest rate of 1.99 on the average daily balance and the billing cycle ends on Feb. 28, find (a) the average daily balance of the account for the month, and (b) the finance charge for the month (using your answer to part (a)). Show your work for each part and use the MathType tool where appropriate
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