Question

PLEASE HELP WILL MEDAL
Many credit card companies charge a compound interest rate of 1.8% per month on a credit card balance. Miriam owes $750 on a credit card. If she makes no purchases or payments, she will go more and more into debt. Which of the following sequences best describes her increasing monthly balances?

A. 750.00, 763.50, 777.44, 791.83, 806.68, ...
B. 750.00, 763.50, 777.24, 791.23, 805.48, ...
C. 750.00, 885.00, 1,044.30, 1,232.27, 1,454.08, ...
D. 750.00, 750.18, 750.36, 750.54, 750.72, ...
E. 750.00, 885.00, 1,044.30, 1,132.27, 1,354.08, ...

Answer 1

It is either the first or second sequence...

Answer 2

I need 100% accuracy.

Answer 3

So what we know is that 1.8% interest on 750 that is $13.50 per month

Answer 4

B

Answer 5

Thank you!