The table below shows a summary of mikes credit card statement for the month of July.

Transaction types Amount

Unpaid balance from June (Beginning balance on July1 $592.75

Purchases made during the month of July $22.10

Payments made during the month of July $159.79

Complete the parts below. Write your answer to the nearest cent.

(a)

Suppose the credit card company charges1.25% monthly interest on the unpaid balance from June. How much interest will this be? $

(b)

What will Ryan's unpaid balance be on his August1 statement? (Assume that this balance will include the interest from part (a), but will not include any interest on his July balance yet.)