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The table below is information related to a credit card billing evcle. Use this information to answer questions 10-11. There are 30 days in the

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The table below is information related to a credit card billing evcle. Use this information to answer questions 10-11. There are 30 days in the Billing Cycle and assume interest from prior billing cycle is include in day 1 account balance. Starting account balance (Day 1): $1,000 Day in Billing Cycle 16 Transaction Purchase: $125 Payment: $250 Purchase: $50 20 10. Use the unpaid balance method to find the finance charge for the month if the monthly interest rate is 1.8%. a) $85.00 b) $16.65 c) $12.75 d) $17.76 11. Use the average daily balance method to find the finance charge for the month if the monthly interest rate is 1.8%. ) $18.03 b) $112.36 c) $16.92 d) $12.75

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