Solve the problem.On the April 25 billing date, Malcolm had a balance due of $1516.06 on his credit card. The transactions during the following month were: The interest rate on the card is 1.4% per month. Using the average daily balance method, find the balance due on May 25 (April has 30 days).

A. $2205.25
B. $1542.91
C. $2204.54
D. $2198.91


Answer: C

Mathematics

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