The table below shows a summary of Jose's credit card statement for the month of October.
Transaction types
Amount
Unpaid balance from September (Beginning balance on October 1)
$2685.25
Purchases made during the month of October
Payments made during the month of October
$529.45
$387.73
Complete the parts below. Write your answer to the nearest cent.
(a) Suppose the credit card company charges 1.45% monthly interest on the unpaid balance
from September. How
much interest will this be?
(b)
$
What will Jose's unpaid balance be on his November 1 statement? (Assume that this
balance will include the interest from part (a), but will not include any interest on his
October balance yet.)