O Previous Balance Method: On February3, the billing date. Carol Ann Bluesky had a balance due of $124.78 on her credit card. Her bank charges an interest rate of 1.25% per month. She made the...

Extracted text: O Previous Balance Method: On February3, the billing date. Carol Ann Bluesky had a balance due of $124.78 on her credit card. Her bank charges an interest rate of 1.25% per month. She made the following transactions during the month. February 8 Charge: Art supplies $25.64 February 12 Payment 100.00 February 14 Charge: Flowers delivered 67.23 February 25 Charge: Music CD 13.90 Find the finance charge on March 3, using the previous balance method. Find the new balance on March 3.