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Shing Shen Chem's credt curd company determines his minimum monthly payment by adding all new interest to 1% of the outstanding principat The credit card

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Shing Shen Chem's credt curd company determines his minimum monthly payment by adding all new interest to 1% of the outstanding principat The credit card conpany charges an intorest rate of 0.039059% per day. On March 16, Shing uses his credit card to purchase airfine tickets for his fanily for $2400. He makes no other purchases during March. Use the given information and the nile that minimam payments are rounded op to the nearest dollar to answer parts a and b below a) Assuming Shilng had no new imerest, determhe Shing's naimum payment due on April 1, his baling date Shingis minimum payment due on Apcil 1 is 524 b) Cn April 1, instead of making the minimum payment Shing makes a payment of $300. Assuming there are no addibonal charges or cash advances, determine Shilisgis minimum payment die on May? Shling s minimum poyment due an May $ is 546

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