Credit Card Interest: Average Daily Balance (5:03) Review Section 11.2 Example 7 4. [-/1.42 Points] DETAILS SMITHNM13 11.2.031. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days for a payment to be received and recorded, and that the month is 30 days long. (Round your answers to the nearest cent.) $300 balance, 17%, $50 payment (a) previous balance method $ (b) adjusted balance method $ (c) average daily balance method Need Help? Read 5. [-/1.42 Points] DETAILS SMITHNM13 11.2.032C. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days for a payment to be received and recorded, and that the month is 30 days long. (Round your answer to the nearest cent.)