The balance on the Bill Wooten's credit card on May 12, his billing date, was $1,278.23.The card has an APR of 15.6%.

(Hint: The number of days in the billing cycle is 31 since May has 31 days)

For the period ending on (but not including) June 12, they had the following transactions:

May13Charge:Curtains$429.84

May15Payment$50.00

June 1Charge:Clothing$257.85

June 8Charge: Olive Garden$87.63

And the Average Daily Balance was $782.16

Calculate the finance charge (interest) to be paid on June 12:______

Find the New Balance on June12:_______