The annual interest rate on a credit card is 25% and

Last updated: 7/7/2022

The annual interest rate on a credit card is 25% and interest is calculated by the average daily balance method of the billing cycle. The unpaid balance at the start of a 30-day billing cycle was $1672. A purchase of $265 was made on day 10 and a payment of $300 was credited to the account on day 20. Find the unpaid balance at the end of the billing cycle.