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 $1,000.The average daily balance for the month including purchase is $883.The average daily balance for the month excluding new purchase is $750.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) $7.50
B) $13.25
C) $11.25
D) $15.00
E) $18.00