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 $$220.$ The

transactions on the account for the month are given in the table to the right. Assume an annual

interest rate of $20\%$ on the account and that the billing date is August $1$ st$.$

The finance charge for the month of August is $

$($Round to the nearest cent as needed.$)$