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?
A. 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, ...

Question

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?
  		A. 	 	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, ...

rebeccaxhawaii · Answer

hold on

rebeccaxhawaii · Answer

so how do you think you would solve this

rebeccaxhawaii · Answer

sorry ive been banned 5 times yesterday for giving answers lol so i have to do this