Mathematics, 08.03.2021 19:20, goforthmusic235

Many credit card companies charge a compound interest rate of 1.8% per month on a credit card balance. Miriam owes $550 on a credit card. If she
makes no purchases or payments, she will go more and more into debt.
Which of the following sequences describes her increasing monthly balance?
O A. 550.00, 559.35, 568.86, 578.53,588.36,...
O B. 550.00, 649.00, 765.82, 903.67, 1066.33, ...
O C. 550.00, 559.90, 569.98,580.24,590.68
O D. 550.00,559.90, 569.80,579.70,589.60
O E. 550.00, 550.99,551.98,552.98,553.97

Answers: 1

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Many credit card companies charge a compound interest rate of 1.8% per month on a credit card balan...