Many credit card companies charge a compound interest rate of 1.8% per month on a credit card balance. Miriam owes $650 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?

Question

anonymous · Answer

650(1.018) = 661.7 
661.05(1.018) = 673.6106 
673.6106(1.018)=685.7355908

what are the choices?

anonymous · Answer

650.00, 767.00, 884.00, 1,001.00, 1,118.00, ...
  		B. 	650.00, 661.70, 673.40, 685.10, 696.80, ...
  		C. 	650.00, 661.70, 673.61, 685.74, 698.08, ...
  		D. 	650.00, 650.18, 650.36, 650.54, 650.72, ...
  		E. 	650.00, 767.00, 905.06, 1,067.97, 1,260.21, ...

anonymous · Answer

The first one's A

anonymous · Answer

Please help me