Between the adjusted balance method and the daily balance method, which method of computing Jason’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 $1.02 greater than the adjusted balance method.
b.
The daily balance method will have a finance charge $0.03 greater than the adjusted balance method.
c.
The adjusted balance method will have a finance charge $2.36 greater than the daily balance method.
d.
The adjusted balance method will have a finance charge $1.37 greater than the daily balance method.