The credit card with the transactions described in the popup below uses the average daily balance method to calculate interest. The monthly interest rate is 1.4% of the average daily balance....


The credit card with the transactions described in the popup below uses the average daily balance method to calculate interest. The monthly interest rate is 1.4% of<br>the average daily balance. Calculate parts a-d using the statement in the popup.<br>E Click the icon to view the credit card statement.<br>.....<br>a. Find the average daily balance for the billing period. Round to the nearest cent.<br>The average daily balance for the billing period is $.<br>(Round to the nearest cent as needed.)<br>Credit card statement<br>Transaction Description<br>Previous balance, $2647.59<br>Transaction Amount<br>June 1<br>Billing date<br>Payment<br>Charge: Gas<br>Charge: Groceries<br>Charge: Gas<br>Charge: Groceries<br>June 27 Charge: Clothing<br>End of billing period<br>Payment Due Date: July 9<br>$1200.00 credit<br>$34.38<br>$136.53<br>$41.64<br>$127.54<br>$215.18<br>June 6<br>June 8<br>June 9<br>June 17<br>June 30<br>Print<br>Done<br>

Extracted text: The credit card with the transactions described in the popup below uses the average daily balance method to calculate interest. The monthly interest rate is 1.4% of the average daily balance. Calculate parts a-d using the statement in the popup. E Click the icon to view the credit card statement. ..... 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.) Credit card statement Transaction Description Previous balance, $2647.59 Transaction Amount June 1 Billing date Payment Charge: Gas Charge: Groceries Charge: Gas Charge: Groceries June 27 Charge: Clothing End of billing period Payment Due Date: July 9 $1200.00 credit $34.38 $136.53 $41.64 $127.54 $215.18 June 6 June 8 June 9 June 17 June 30 Print Done

Jun 04, 2022
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