Solve the problem.On the October 15 billing date, Jacob had a balance due of $292.31 on his credit card. The transactions during the following month were:
The interest rate on the card is 1.3% per month. Using the average daily balance method, find the balance due on November 15 (October has 31 days).
A. $606.82
B. $607.71
C. $606.81
D. $606.71
Answer: A
Mathematics
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