2. Velma plans to put the unused portion of her paycheck towards paying off her credit card. As of September 1st (the beginning of her credit card payment cycle), Velma's credit card balance was $3,200. During the course of the month Velma only uses her credit card once, buying $40 worth of gas on September 8th. The only other transactions on her credit card are her payments of $1,100 towards her credit card balance on the 5th and 20th. Velma's card has a monthly interest rate of 2%. Using the average daily balance method, find her finance charge for the month of September. Find Velma's balance as of October 1st.