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2 Velma plans to put the unused portion of her paycheck towards paying off her...

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2 Velma plans to put the unused portion of her paycheck towards paying off her credit card As of September 1st the beginning of her credit card payment cycle Velma s credit card balance was 3 200 During the course of the month Velma only uses her credit card once buying 40 worth of gas on September 8th The only other transactions on her credit card are her payments of 1 100 towards her credit card balance on the 5th and 20th Velma s card has a monthly interest rate of 2 Using the average daily balance method find her finance charge for the month of September Find Velma s balance as of October 1st

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