As of November 14, Ben has an outstanding credit card balance of $1,100 from purchases made over the past month. The new billing period begins on November 15. Assume Ben's outstanding balance for the first 15 days of this new billing period (Nov. 15-29) is $1,100. Then on November 29, Ben made a purchase of $200 and a payment against his credit card of $800. He will have this updated balance for the remaining 15 days.

Assuming a 30-day billing cycle and using the average daily balance method and an APR of 30%, please calculate the following:

1. Ben's monthly finance charge. (5 points)
2. Bens new balance at the end of the billing cycle. (5 points)