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Score: 0 of 1 pt 1 of 17 (11 complete) 8.8.1 The credit card with the Transaction Transaction Description transactions described on the right Amount

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Score: 0 of 1 pt 1 of 17 (11 complete) 8.8.1 The credit card with the Transaction Transaction Description transactions described on the right Amount uses the average daily balance Previous balance, $6350.00 method to calculate interest. The March 1 Billing date monthly interest rate is 2.5% of the March 5 Payment $300.00 credit average daily balance. Calculate March 7 Charge: Restaurant $40.00 parts a-d using the statement on the right March 12 Charge: Groceries $100.00 March 21 Charge: Car Repairs $260.00 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 $ 6277.74 (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 $ (Use the answer from part a to find this answer. Round to the nearest cent as needed.)

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