We have a account balance for which we calculate a finance charge.
The amount of the finance charge is 1.25% of the balance, so we can calculate the finance charge as:
[tex]\begin{gathered} \text{ Finance charge}=\text{ Balance}\cdot\text{ Rate} \\ \text{ Finance charge}=357.36\cdot\frac{1.25}{100}=357.36\cdot0.0125=4.467\approx4.47 \end{gathered}[/tex]
Answer: the finance charge is $4.47 (Option B).
