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The activity on a credit card account for one billing period is shown below. Find the average daily balance and finance charge if the billing

The activity on a credit card account for one billing period is shown below. Find the average daily balance and finance charge if the billing period is March 3 through April 2. The previous balance on the account is $209.46 and the annual interest rate is 22.3%. Use your completed table from the previous question to answer the questions below.

Date

Activity

Amount

March 12th

Payment

$50.00

March 17th

Clothes purchase

$28.46

March 20th

Car repairs

$31.22

April 1st

Text book purchase

$59.10

A) Find the average daily balance (ADB). Round your answer off to the nearest cent!

B) Find the monthly finance charge (interest). Round your answer off to the nearest cent!

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