On January 30. your parents lent you $500. One year later you repaid the loan by writing your parents a check for $560. What was the annual interest rate your parents charged you for that loan? 30% 12% 7% 35% 10 The average daily balance on your credit card statement this month is $350. If the annual finance charge on your account is 23 percent, what will the finance charge be on your statement this month? $6.71 $5 $80.50 $76