Gregory has a credit card with a 30-day billing cycle and an apr of 11.95%. the following table shows gregory’s credit card transactions for the month of april.

date
amount ($)
transaction
4/1
622.82
beginning balance
4/4
45.45
payment
4/10
78.91
purchase
4/25
16.36
purchase

between the adjusted balance method and the daily balance method, which method of computing gregory’s april finance charge will result in a greater finance charge, and how much greater will it be?
a.
the daily balance method will have a finance charge $0.09 greater than the adjusted balance method.
b.
the daily balance method will have a finance charge $0.54 greater than the adjusted balance method.
c.
the adjusted balance method will have a finance charge $1.40 greater than the daily balance method.
d.
the adjusted balance method will have a finance charge $0.86 greater than the daily balance method.

select the best answer from the choices provided

a
b
c
d