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You have a credit card that charges an interest rate of 16.15% compounded monthly. The table below shows your activity for the month of April.

You have a credit card that charges an interest rate of 16.15% compounded monthly. The table below shows your activity for the month of April.

Date Activity Amount Balance
April 1 Beginning Balance 1,150.00
April 6 Purchase 30.50 1,180.50
April 13 Payment 225.00 955.50
April 17 Purchase 86.25 1,041.75
April 22 Purchase 20.00 1,061.75
April 23 Purchase 62.70 1,124.45
April 30 Ending Balance 1,124.45

What is the average daily balance for this account? $ What is the finance charge for the month of April? $

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