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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
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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 describes her increasing monthly balance?

User Rob Bowman
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2 votes
This could be incorrect but I got $416
User Tovishalck
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7 votes

Answer: 750.00, 763.50, 777.24, 791.23, 805.48

Explanation:

User Jason Braucht
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