Solve the Problem. -The Unpaid Balance in an Account at the Beginning of the Beginning

Multiple Choice

Solve the problem.
-The unpaid balance in an account at the beginning of December was $222. A payment of $70 was made on December 20. No new purchases were made in December. The finance charge rate was
1.1% per month of the average daily balance. Find the new balance at the end of December.

A) $173.44
B) $153.10
C) $154.09
D) $154.14