Elizabeth’s credit card computes her finance charges using the previous balance method and a 30-day billing cycle. The table below shows Elizabeth’s credit card transactions in July. Date Amount ($) Transaction 7/1 969. 26 Beginning balance 7/3 45. 00 Payment 7/10 67. 48 Purchase 7/12 20. 00 Payment 7/28 85. 00 Payment If Elizabeth has an APR of 14. 61%, how much will her July finance charge be? a. $9. 97 b. $12. 62 c. $11. 80 d. $10. 80.
