Calculate the Monthly Finance Charge for the Credit Card Transaction } } \end{array}">$\begin{array} { l l l l } { \text { cellpadding="0" cellspacing="0" width="60\%" border="0"> } } \end{array}$

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. } } \end{array}">$\begin{array} { l l l l } { \text { cellpadding="0" cellspacing="0" width="60\%" border="0"> } } \end{array}$

A) $3.50
B) $2.63
C) $350.00
D) $2.25
E) $325.00