Answer:
First, we need to calculate the daily interest rate on the credit card. We can do this by dividing the annual percentage rate (APR) by the number of days in a year:
Daily interest rate = APR / 365
Daily interest rate = 0.2445 / 365
Daily interest rate = 0.00067 or 0.067%
Next, we can calculate the interest that will accrue over the course of one month, which is approximately 30 days:
Interest = Balance * Daily interest rate * Number of days
Interest = $1,359 * 0.00067 * 30
Interest = $27.42
Adding the interest to the outstanding balance, we get:
Balance after one month = $1,359 + $27.42
Balance after one month = $1,386.42
Therefore, the balance on the credit card after one month will be approximately $1,386.42.