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On the April 11 billing date, Michaelle Chappell had a balance due of $ 964.41 on her credit card. From April 11 through May 10

On the April 11 billing date, Michaelle Chappell had a balance due of $ 964.41 on her credit card. From April 11 through May 10 , Michaelle charged an additional $ 397.46 and made a payment of $ 600. a) Find the finance charge on May 11 , using the previous balance method. Assume that the interest rate is 1.5 % per month. b) Find the new balance on May 11 .

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