Question: (b) Find the average daily balance. Write your answer to the nearest cent. $D (c) Suppose the credit card company charges an interest rate of


(b) Find the average daily balance. Write your answer to the nearest cent. $D (c) Suppose the credit card company charges an interest rate of 1.5% on the average daily balance for July found in part (b). How much interest will be charged? Write your answer to the nearest cent. $D (d) What will Karen's beginning balance be for the month of August (including the interest for July found in part (C))? $D Here is Karen's credit card statement for the month of July. Date Transaction Transaction amount July 1 Beginning balance $2650.70 July 10 Purchase $900.50 July 16 Payment $842.00 July 19 Purchase $280.14 (a) Use the credit card statement to help fill in the table below. Note that there are 31 days in July. Also, a purchase increases the unpaid balance, and a payment decreases the unpaid balance. Transaction Unpaid Date Transaction Number of days at that balance Unpaid Number X amount balance balance of days July 1 Beginning balance $2650.70 $2650.70 9 days (from July 1 through July 9) $23,856.30 July 10 Purchase $900.50 $3551.20 days (from July 10 through July 15) July 16 Payment $842.00 $0 3 days (from July 16 through July 18) $0 July 19 Purchase $280.14 $ 13 days (from July 19 through July 31) $0 Total: 31 days Total: $
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