Henry Garrison Starts the Month with a Balance on His

Multiple Choice

Henry Garrison starts the month with a balance on his credit card of $800.The average daily balance for the month including purchase is $683.The average daily balance for the month excluding new purchase is $550.The bank charges 1.5 percent per month and uses the average daily balance including new purchases method.What would Henry's finance charges be for the month?

A) $8.25
B) $10.25
C) $12.00
D) $15.00
E) $18.00