Jerrod Dean Starts the Month with a Balance on His

Multiple Choice

Jerrod Dean starts the month with a balance on his credit card of $800.On the 10th day of the month,he purchases $200 in clothes with his credit card.On the 15th day of the month he makes a payment on his credit card of $300.The bank charges 1.5 percent interest per month using the adjusted balance method (and excludes new purchases) .What would Jerrod's finance charges be for the month?

A) $7.50
B) $13.25
C) $11.25
D) $15.00
E) $18.00