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The table below shows the activity on the credit card statement of Miss Pepper Mills for the month of April. She started the month with
The table below shows the activity on the credit card statement of Miss Pepper Mills for the month of April. She started the month with a balance of $342.57. Date Activity Location Amount 04/05 Payment Payment $200.00 04/15 Charge Gas $26.37 04/22 Charge Macys $105.42 04/25 Charge Starbucks $4.24 a. [4 pts]Find the average daily balance. b. [4 pts]If her card charges an 18.5% annual interest rate on her average daily balance, calculate Miss Pepper Mills finance charge for the month of April.
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