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