Raoul's credit card statement showed these transactions during May.
$\begin{array} { l l r } \text { May 1 } & \text { Previous balance } & \$ 304.29 \ \text { May 6 } & \text { Payment } & \$ 100.00 \ \text { May 10 } & \text { Purchases } & \$ 58.10 \ \text { May 15 } & \text { Payment } & \$ 100.00 \ \text { May 26 } & \text { Purchases } & \$ 114.73 \end{array}$
The interest rate is $18 \%$ per month on the average daily balance. Find the average daily balance, the finance charge for the month, and the new balance on June 1 . [Hint: Remember that May has 31 days.]

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The Answer of Raoul's credit card statement showed these transactions during May.
$\begin{array} { l l r } \text { May 1 } & \text { Previous balance } & \$ 304.29 \ \text { May 6 } & \text { Payment } & \$ 100.00 \ \text { May 10 } & \text { Purchases } & \$ 58.10 \ \text { May 15 } & \text { Payment } & \$ 100.00 \ \text { May 26 } & \text { Purchases } & \$ 114.73 \end{array}$
The interest rate is $18 \%$ per month on the average daily balance. Find the average daily balance, the finance charge for the month, and the new balance on June 1 . [Hint: Remember that May has 31 days.]

Raoul's Credit Card Statement Showed These Transactions During May The Interest Rate Is