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Yao Yang starts the month with a balance on his credit card of $1,040. On the 10th day of the month, he purchases $300 in
Yao Yang starts the month with a balance on his credit card of $1,040. On the 10th day of the month, he purchases $300 in clothes with his credit card. On the 15th day of the month he makes a payment on his credit card of $650. The bank charges 1.5 percent interest per month using the adjusted balance method (and excludes new purchases). What would Yao's finance charges be for the month? Options:
$20.10
$11.14
$15.60
$13.15
$5.85
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