3. The table below shows Chandra's transactions in April. Assume the bank changes practices and uses the average daily balance method to calculate the finance charge. What is Chandra's average daily balance for the month?
April 26
Date
Activity
Amount
April 1
Previous balance
$2,000
April 6
Payment
$1,000
April 11
Purchase
$500
April 16
Purchase
$1,000
April 21
Purchase
$500

Purchase
$500
4. What is Chandra's finance charge using the average daily balance method?