Solve the problem.On the July 5 billing date, David had a balance due of $857.86 on his credit card. The transactions during the following month were:
The interest rate on the card is 1.8% per month. Using the average daily balance method, find the finance charge on August 5 (July has 31 days).
A. $13.37
B. $14.08
C. $13.91
D. $13.89
Answer: B
Mathematics
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