George charged a motorized bicycle on his credit card for $2,000 on june 12. his balance before that purchase on that credit card was $500. his credit card company calculates interest using the adb including new purchases method. the apr on george’s credit card is 15% apr. hint: the credit card rounded the monthly interest rate up to .013%.

george’s finance charge for this month was $22.97. show how to calculate this interest.