Jerrod Dean starts the month with a balance on his credit card of $1,060. On the 10^th day of the month, he purchases $220 in clothes with his credit card. On the 15^th 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?

Multiple Choice

• $11.34

• $15.90

• $19.20

• $13.26

• $10.65