Elizabeth’s credit card computes her finance charges using the previous balance method and a 30-day billing cycle. The table below shows Elizabeth’s credit card transactions in July.DateAmount ($)Transaction7/1969.26Beginning balance7/345.00Payment7/1067.48Purchase7/1220.00Payment7/2885.00PaymentIf Elizabeth has an APR of 14.61%, how much will her July finance charge be?a.$9.97b.$12.62c.$11.80d.$10.80