Question: Initial Knowledge Check Ouestion16 :Il- Chrystal V The table below shows a summaryr of Tom's credit card statement for the month of October. Unpaid

Initial Knowledge Check Ouestion16 :Il- " Chrystal V The table below shows a summaryr of Tom's credit card statement for the month of October. Unpaid balance from September (Beginning balance on October 1) $2677.32 Purchases made during the month of October $443.70 Payments made during the month of October $386.60 Complete the parts below. Write your answer to the nearest cent. Suppose the credit card company charges 1.46% monthly interest on the unpaid balance (a) from September. How much interest will this be? 3 (b) What will Tom's unpaid balance be on his November 1 statement? (Assume that this balance will include the interest from part {a}, but will not include any interest on his October balance yet.) 3

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