Yvonne's credit card has an APR of 17.79% and a 30-day billing cycle. The following table details her credit card transactions in the month of June.


Date

Amount ($)

Transaction

6/1

925.43

Beginning balance

6/7

62.74

Payment

6/11

28.27

Purchase

6/21

50.00

Purchase


Between the previous balance method and the daily balance method, which method of calculating Yvonne's June 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 $0.21 greater than the previous balance method.

b.

The daily balance method will have a finance charge $0.53 greater than the previous balance method.

c.

The previous balance method will have a finance charge $0.45 greater than the daily balance method.

d.

The previous balance method will have a finance charge $0.40 greater th