Transaction Amount The credit card with the transactions described on the right uses the average daily balance method to calculate interest. The monthly interest rate is 2.5% of the March 5 Payment Transaction Description Previous balance, $6230.00 March 1 Billing date |$250.00 credit $60.00 $80.00 average daily balance. Calculate parts a-d using the statement on the right. March 7 Charge: Restaurant March 12 Charge: Groceries March 21 Charge: Car Repairs $240.00 March 31 End of billing period Payment Due Date: April 9 a. Find the average daily balance for the billing period. Round to the nearest cent. The average daily balance for the billing period is $ (Round to the nearest cent as needed.)