Solve the Problem The Interest Rate on the Card Is 1

Multiple Choice

Solve the problem.
-On the December 8 billing date, Hakeem had a balance due of $610.99 on his credit card. The Transactions during the following month were: $\begin{array}{lll}\text { December } 10 & \text { Charge : football tickets } & \$ 152.76 \\\text { December } 12 & \text { Payment } & \$ 82.67 \\\text { January } 3 & \text { Charge: restaurant meal } & \$ 55.01\end{array}$
The interest rate on the card is 1.4% per month. Using the average daily balance method, find the Balance due on January 8 (December has 31 days) .

A) $745.28
B) $745.43
C) $620.66
D) $745.76