The interest on the average daily balance is 135 per month


On August 10, a credit card account had a balance of $345. A purchase of $64 was made on August 15, and $155 was charged on August 27. A payment of $75 was made on August 15. The interest on the average daily balance is 1.35% per month. Find the finance charge on the September 10 bill. (Round your answer to two decimal places.)

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Finance Basics: The interest on the average daily balance is 135 per month
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