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K On July 4, the billing date, Marvin Zug had a balance due of $159.52 on his credit card. His card charges an interest rate
K On July 4, the billing date, Marvin Zug had a balance due of $159.52 on his credit card. His card charges an interest rate of 1.25% per month. The transactions he made are to the right. Marvin made the following transactions during the month. July 5 Charge: Office supplies $52.41 a) Find the finance charge on August 4, using the previous balance method. b) Find the new balance on August 4. July 15 Charge: Scarf July 22 Payment $24.78 $120.00 July 26 Charge: $56.36 a) The finance charge on August 4 is $ (Round to the nearest cent as needed.) Toy truck
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