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1. A bill for Php 10,240 was due on July 1. Purchases of Php3, 150 were made on July 7,
and Php4,100 was charged on July 22. A payment of Php4,000 was made on July 15.
The interest on the average daily balance is 2.55% per month. Find the finance charge
on the August 1 bill.​