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Question 36 3 pts Solve the problem A credit card has a monthly rate of...

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Accounting

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Question 36 3 pts Solve the problem A credit card has a monthly rate of 1.61% and uses the average daily balance method for calculating interest. Here are some of the details in the June 1-June 30 itemized billing: June 1 Unpaid Balance: $451.42 Payment Received June 11: $130 Purchases Charged to the Account: $269.62 Average Daily Balance: $364.75 Last Day of the Billing Period: June 30 Payment Due Date: July 9 a. Find the interest due on the payment due date. b. Find the total balance owed on the last day of the billing period. O a. $5.87 b. $596.91 a. $5.94 b. $321.42 a. $5.94 b. $686.17 O a. $5.68 b. $327.10 Guide

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