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On July 1 2 , the billing date, Verna had a balance due of $ 1 5 6 . 0 6 on her credit card.

On July 12, the billing date, Verna had a balance due of $156.06 on her credit card. Her card charges an interest rate of 1.25% per month. The transactions he made are to the right.
a) Find the finance charge on August 12, using the previous balance method.
b) Find the new balance on August 12.
Verna made the following transactions during the month.
a) The finance charge on August 12 is $
(Round to the nearest cent as needed.)
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