Step 1 A credit card account had a balance of $960 on May 5. A purchase of $272 was made on May 17, and a payment of $175 was made on May 20. The interest on the average daily balance is 1.7% per month. Find the average daily balance on the June 5 bill. (Round your answer to the nearest cent.) $ 1101.5 Submit Skip (you cannot come back)