The unpaid balance in an account on May 1 was $223. A purchase of $17 was made on May 7. A $ 20 payment was made on May 20. The interest rate per month was 1.65% per month of the average daily balance. Find the new balance at the end of May.
A) $205.01
B) $221.65
C) $225.08
D) $223.78
Correct Answer:
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