On the July 5 Billing Date, David Had a Balance

question 90

Multiple Choice

On the July 5 billing date, David had a balance due of $1027.85 on his credit card. The transactions during the following month were: $$\begin{array} { l l c } \text { July 6 } & \text { Payment } & \$ 281.80 \\\text { July 19 } & \text { Charge: auto repair } &\$ 350 \\\text { August } 1 & \text { Charge: clothing } & \$ 122.27\end{array}$$ The interest rate on the card is 1.3% per month. Using the average daily balance method, find the
Finance charge on August 5 (July has 31 days) .

• A)$12.37
• B)$12.41
• C)$12.52
• D)$11.89

---

Definitions:

Greater Trochanter

A prominent bony projection on the femur, near its proximal end, which serves as a site of muscle attachment.

Gluteal Tuberosity

The bony prominence on the proximal femur where some of the gluteal muscles attach.

Pelvic Bone

A structure at the base of the spine consisting of three bones: ilium, ischium, and pubis, supporting the spine and protecting lower abdominal and internal reproductive organs.

Fibula

A long, thin bone located on the lateral side of the tibia, in the lower leg.