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Jerrod Dean starts the month with a balance on his credit card of $1,010. On the 10 th day of the month, he purchases $210

Jerrod Dean starts the month with a balance on his credit card of $1,010. On the 10th day of the month, he purchases $210 in clothes with his credit card. On the 15th day of the month he makes a payment on his credit card of $350. The bank charges 1.5 percent interest per month using the adjusted balance method (and excludes new purchases). What would Jerrod's finance charges be for the month?

$9.90

$12.90

$8.40

$11.40

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