Phil Had an Unpaid Balance of $2,084

Multiple Choice

Phil had an unpaid balance of $2,084.50 on his credit card statement at the beginning of December.
He made a payment of $385.00 during the month. If the interest rate on Phil's credit card was 1.5%
Per month on the unpaid balance, find the finance charge and the new balance on January 1.

A) Finance charge = $31.27; new balance = $1,730.77
B) Finance charge = $41.41; new balance = $1,740.91
C) Finance charge = $35.38; new balance = $1,734.88
D) Finance charge = $29.38; new balance = $1,728.88