On July 1, the billing date, Marvin Zug had a balance due of $176 07 on his credit card. His card charges an interest rate of 1.25% per month. The transactions he made are to the right al Find the finance charge on August 1, using the previous balance method. b) Find the new balance on August 1 Marvin made the following transactions during the month July 9 Charge $39.12 Office supplies July 12 Charge Scarf $24.90 July 13 Payment $130.00 July 27 Charge $80.15 Toy truck a) The finance charge on August 1 is $ (Round to the nearest cent as needed) C