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
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