Use the unpaid balance method to find the

finance charge on the credit card account for August. The starting balance from the previous month is $310

The transactions on the account for the month are given in the table to the right. Assume an annual interest rate of 24% on the account and that the billing date is August 1st.

Date

Transaction

August 6

Made payment of $82

August 11

Charged $150

August 16

Charged $25

August 25

Charged $32