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QUESTION 3 Cik Aiesyah Ammar recently received her Mastercard bill for the period of 15 April 2022 - 14 May 2022. She wants to verify

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QUESTION 3 Cik Aiesyah Ammar recently received her Mastercard bill for the period of 15 April 2022 - 14 May 2022. She wants to verify the monthly charges by her bank, DDNK Bank Berhad. The interest rate charged is at 18 percent per annum and the bank requires standard 5% for monthly minimum payment. Below were the transactions incurred during the reporting month: Transaction Date Transaction Description Amount (RM) 15 April 2022 Opening Balance 5,770 20 April 2022 Fuel at Petronas Station, Durian Tunggal, Melaka 80 21 April 2022 Kedai Buku Salmah Mohamad 160 22 April 2022 The Store Shopping Mall, Melaka 360 28 April 2022 Prudential Takaful 600 30 April 2022 MP Parking Services (parking fee) 4 May 2022 TOYS 'R'US 250 6 May 2022 Annual Fee- DDNK Mastercard 300 9 May 2022 Mydin Melaka Hypermarket 500 9 May 2022 Annual Fee DDNK Mastercard -Waiver/ Refund 300 13 May 2022 Payment (DDNK Bank Berhad Mastercard payment) 1,000 Using average daily balance method including current purchase, compute the followings: Average daily balance Interest charge by bank at the prescribed rate Total outstanding balance for the month iv ) Minimum payment as applicable Outstanding balance after minimum payment

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