On February 33 , the billing date, Carol Ann Bluesky had a balance due of $127.71127.71 on her credit card. Her bank charges an interest rate of 1.25% per month and uses the average daily balance method. She made the transactions described in the table during the month.	Feb. 77	Charge: Art supplies	$23.73
	Feb. 12	Payment	$90.00
	Feb. 22	Charge: Flowers deliver	$74.28
	Feb. 28	Charge: Music CD	$12.88

a) Find Carol Ann's average daily balance for the billing period from February 3 to Mach 3

Assume it is not a leap year.

b) Find the finance charge to be paid on March 3

c) Find the balance due on March 3

d) Compare the result obtained to those obtained using the previous balance method.

a) The average daily balance for the billing period was

$

(Round to the nearest cent as needed.)

b) The finance charge to be paid on March 3

is $

(Round to the nearest cent as needed.)

c) The balance due on March 3 is $

(Round to the nearest cent as needed.)

d) Using the previous balance method, the finance charge is $1.60 and the balance due is $150.20. How do the results obtained using the average daily balance method compare to those obtained using the previous balance method? Choose the correct answer below.

A.The results obtained using the average daily balance method are greater than those obtained using the previous balance method.

B.The results obtained using the average daily balance method are less than those obtained using the previous balance method.

C.The results obtained using the average daily balance method are equal to those obtained using the previous balance method.

Click to select your answer(s).