Calculate the Monthly Finance Charge for the Credit Card Transaction }">$\text { cellpadding }=0 " \text { cellspacing }=" 0 " \text { width }=" 59 \% \text { " border="0"> }$

Multiple Choice

Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days for a payment to be received and recorded and that the month is 30 days long. Round your answer to the nearest cent. }">$\text { cellpadding }=0 " \text { cellspacing }=" 0 " \text { width }=" 59 \% \text { " border="0"> }$

A) $300.00
B) $2.75
C) $275.00
D) $3.00
E) $2.79