16. Jolynn had an average daily balance of $415.22 on his May credit card statement. The bill showed that his APR was 21.6% and that his finance charge was $89.69. When he verified the finance charge,...

16. Jolynn had an average daily balance of $415.22 on his May credit card statement. The
bill showed that his APR was 21.6% and that his finance charge was $89.69. When he
verified the finance charge, did he find it correct or incorrect? If it was incorrect, what
is the correct finance charge?
a. Incorrect; $7.47
b. Incorrect; $19.37
c. Incorrect; $1.61
d. Correct