Transaction Unpaid Unpaid „Number balance " of days Date Transaction Number of days at that balance amount balance July 1 Beginning balance $1600.25 $1600.25 4 days (from July 1 through July 4)...


Transaction<br>Unpaid<br>Unpaid „Number<br>balance

Extracted text: Transaction Unpaid Unpaid „Number balance " of days Date Transaction Number of days at that balance amount balance July 1 Beginning balance $1600.25 $1600.25 4 days (from July 1 through July 4) $6401.00 July 5 Purchase $68.02 $1668.27 | days (from July 5 through July 11) July 12 Purchase $ 15 days (from July 12 through July 26) S5 days (from July 27 through July 31) $140.50 $0 July 27 Payment $150.00 Total: 31 days Total: $ (b) Find the average daily balance. Write your answer to the nearest cent. (c) Suppose the credit card company charges an interest rate of 1.3% 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) What will Charlie's beginning balance be for the month part (c))? August (including the interest for July found in

Jun 04, 2022
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