# Math

Aaron had an unpaid balance of \$1,177.79 on his credit card statement at the beginning of April. He made a payment of \$430.00 during the month, and made purchases of \$366.02. If the interest rate on Aaron's credit card was 4.5% per month on the unpaid balance, find his finance charge and the new balance on May 1.

Finance charge = \$52.21; new balance = \$1,166.02
Finance charge = \$56.11; new balance = \$1,169.92
Finance charge = \$53.00; new balance = \$1,166.81
Finance charge = \$55.32; new balance = \$1,169.13

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