Suppose you have a line of credit and receive the following statement for the month of March.

Indicates a negative balance
The limit on the line of credit is $1000. Daily interest of 1.25% p.a. is received on positive balances and daily interest of 8% p.a. is paid on negative (line of credit) balances. Overdraft interest is 18% p.a. on the daily amount exceeding the line of credit limit. There is a service charge of $5 for each transaction causing an over- draft or adding to an overdraft.
(a) Calculate the amount of interest earned.
(b) Calculate the amount of interest charged on the line of credit.
(c) Calculate the amount of interest charged on overdrafts.
(d) Calculate the amount of the service charge.
(e) WhatistheaccountbalanceonMarch31?
Determine the missing information for each of the following lines of credit.

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Date Balance Transaction Description Balance Cheque 264 Cheque 265 Deposit Cheque 266 Cheque 267 Cheque 268 Cheque 269 Interest earned Line of credit interest Overdraft interest Service charge Deposit Withdrawal Feb. 28 Mar. 02 05 10 16 20 527.71 -1127.71 -1427.71 572.29 307.29 692.71 776.21 941.21 600.00 300.00 2000.00 265.00 1000.00 83.50 165.00 27 31