On July 10, the billing date, Marvin Zug had a balance due

Last updated: 7/11/2022

On July 10, the billing date, Marvin Zug had a balance due of $298.67 on his credit card. His card charges an interest rate of 1.25% per month. The transactions he made are to the right. a) Find the finance charge on August 10, using the previous balance method. b) Find the new balance on August 10. Marvin made the following transactions during the month. July 15 Charge: $23.14 Office supplies July 17 Charge: Scarf $49.78 July 23 Payment $140.00 July 28 Charge $108.54 Toy truck a) The finance charge on August 10 is (Round to the nearest cent as needed.) b) The new balance on August 10 is $. (Round to the nearest cent as needed.)