Solve the Problem The Interest Rate on the Card Is 1

Multiple Choice

Solve the problem.
-On the April 25 billing date, Malcolm had a balance due of $1507.63 on his credit card. The Transactions during the following month were: $$\begin{array} { l l r } \text { April 26} &\text {Payment } & \$ 155.83 \\\text { April 30 } & \text { Charge: lawnmower } & \$ 214.56 \\\text { May 3 } & \text { Charge: gift } & \$ 79.46 \\\text { May 7 } & \text { Charge: furniture } & \$ 611.63\end{array}$$
The interest rate on the card is 1.7% per month. Using the average daily balance method, find the Balance due on May 25 (April has 30 days) .

A) $2283.08
B) $2291.64
C) $2290.79
D) $1540.97