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Suppose the charge account of Black's Mailing Service at the local supply store had a 1.5 % interest rate per month on the average daily

Suppose the charge account of Black's Mailing Service at the local supply store had a

1.5%

interest rate per month on the average daily balance. Find the Black's finance charge on April 1 if Black's had an unpaid balance on March 1 of

$134.35

a payment of

$15.00

posted on March

14

and a purchase of

$28.97

posted on March

19

The billing cycle ends March 31.

The Black's finance charge is

$_____________________________________

(Round to the nearest cent as needed.)

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