The balance on Ramon Felipe's credit card on January 11, his billing date, was $238.17. For the period ending February 11, Ramon had the following
transactions: January
23 Charge: Restaurant Meal $56.11
January 25 Payment: $150.00
February 7 Charge: Law Ornaments $27.78
February 9 Charge: Microwave Oven $103.26
a) Find the average daily balance for the billing period.
b) Find the finance charge to be paid on February 11. Assume an interest rate of 1.2% per month. [2pts]
c) Find the balance