Gregory has a credit card with a 30-day billing cycle and an APR of 11.95%. The following table shows Gregory’s credit card transactions for the month of April.DateAmount ($)Transaction4/1622.82Beginning balance4/445.45Payment4/1078.91Purchase4/2516.36PurchaseBetween the adjusted balance method and the daily balance method, which method of computing Gregory’s April 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 $0.09 greater than the adjusted balance method.b.The daily balance method will have a finance charge $0.54 greater than the adjusted balance method.c.The adjusted balance method will have a finance charge $1.40 greater than the daily balance method.d.The adjusted balance method will have a finance charge $0.86 greater than the daily balance method.