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For questions # 7 - 1 0 , the periodic rate is 2 % . Pete has a charge account at Art's Supplies. The finance

For questions #7-10, the periodic rate is 2%.
Pete has a charge account at Art's Supplies. The finance charge is computed using the average-daily-balance method where new purchases are not included. Pete's previous balance is $145.00, and the billing period is from April 1-April 30. On April 10, Pete made a $50.00 payment. On April 20, he made a purchase of $63.45. What is his average daily balance? What is his finance charge? What is his new balance?
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