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s Question: 1 pt he credit card with the ansactions described on the right uses the average daily balance nethod to calculate interest. The monthly
s Question: 1 pt he credit card with the ansactions described on the right uses the average daily balance nethod to calculate interest. The monthly interest rate is 1.5% of the average daily balance. Calculate parts a-d using the statement on the right Transaction Description Transaction Amount Previous balance, $6340.00 March 1 Billing date March 5 Payment $400.00 credit March 7 Charge: Restaurant $50.00 March 12 Charge: Groceries $100.00 March 21 Charge: Car Repairs $240.00 March 31 End of billing period Payment Due Date: April 9 a. Find the average daily balance for the billing period. Round to the nearest cent. The average daily balance for the billing period is 57 (Round to the nearest cent as needed) b. Find the interest to be paid on April 1. the next billing date. Round to the nearest cent. The interest to be paid on April 1 is S . (Use the answer from part a to find this answer Round to the nearest cent as needed.) c. Find the balance due on April 1 The balance due on April 1 is s (Use the answer from part b to find this answer.) Enter your answer in each of the answer boxes. Type here to search H USH PULUHU 5 1150C d. This credit card requires a $10 minimum monthly payment if the balance due at the end of the billing period is less than $360. Otherwise, the minimum monthly payment is ze of the balance due at the end of the biling period, rounded up to the nearest whole dollar. What is the minimum monthly payment due by April 9? The minimum monthly payment is $ (Use the answer from partc to find this answer. Round up to the nearest dollar) Enter your answer in each of the answer boxes Type here to search da 37 PM A W 12/6/2019
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