Use the average daily balance method to compute the finance charge on the credit card account for the month of August (31 days). The starting balance from the previous month is $240. The transactions on the account for the month are given in the table to the right. Assume an annual interest rate of 21% on the account and that the billing date is August 1st. Date Transaction August 3 Made payment of $88 August 15 Charged $150 for hiking boots August 18 Charged $27 for gasoline August 19 Charged $31 for restaurant meal The finance charge for the month of August is $ (Round to the nearest cent as needed.)

Use the average daily balance method to compute the face charge on the credit card count for the month of August (31 days). The starting balance from the previous month is $240. The transactions on the account for the month are given in the table to the right. Asume aastate of 21% on the countand that the billing dat is Augusts o Transaction Date August 3 Made payment of August 15 Charged $150 foring boots August 16 Charged 527 for gasoline August 19 Charged 31 ore The finance charge for the month of Augusti (Round to the nearest conta ded)