3:1 Answer B question The credit card with the transactions described in the popup below uses the average daily balance method tocalculate interest. The monthly interest rate is 1.7% of the average daily balance. Calculate parts a-d using thestatement in the popup.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 $ 2047.71(Round to the nearest cent as needed.)b. Find the interest to be paid on JulyThe interest to be paid on July 1 is $(Use the answer from part a to find this answer. Round to the nearest cent as needed.)10the next billing date. Round to the nearest cent.20C77°F Balance methodcalculate intere The monthly interest rate is 1.7% of the average daily balance. Calculate parts a-d usingstatement in the popup.4Credit Card StatementTransaction DescriptionPrevious balance, $2646.37June 1Billing dateJune 6June 8June 9June 17OJune 27June 30PaymentCharge: GasCharge: GroceriesCharge: GasECharge: GroceriesCharge: ClothingEnd of billing periodPayment Due Date: July 9aTransaction Amount$1000.00 credit$34.44$137.96$41.77$126.15$215.52$7CO- - X

Interest When money is borrowed from a lender, interest is the fee charged. Interest can be either…

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 1.7% of the average daily balance. Calculate parts a-d using the statement in the popup. 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 $ 2047.71