clamin
  • clamin
PLEASE HELP!! 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 make no purchase 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, 777.24, 791.23, 805.48 b.750.00, 885.00, 1,044.30, 1,232.27, 1,454.08.. c.750.00, 885.00, 1,044.30, 1,132.27, 1,354.08.. d. 750.00, 763.50, 777.44, 791.83, 806.68,.. e.750.00, 750.18, 750.36, 750.54, 750.72,...
Mathematics
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SOLVED
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schrodinger
  • schrodinger
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campbell_st
  • campbell_st
well to find the balance in the 2nd month is will be balance2 = 750 x 1.8/100 then for the 3rd month, take the balance and apply the same calculation balance2 = balance1 x 1.8/100 just keep repeating the process
clamin
  • clamin
i got A @campbell_st
campbell_st
  • campbell_st
that is the answer I would have chosen... 2% of 750 is $15 so 1.8% is a little less 750 + 15 = $765

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Deadly_Roses
  • Deadly_Roses
i would say A also....

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