Answer:
<u>The correct answer is D. 650.oo, 661.70, 673.61, 685.74, 698.08</u>
Step-by-step explanation:
1. Let's review the information given to us to answer the question correctly:
Compound interest rate charged by Miriam's credit card company = 1.8% monthly
2. If she makes no purchases or payments, she will go more and more in debt. Which of the following sequences describes her increasing monthly balance?
Miriam's current credit card balance = US$ 650
Miriam's credit card balance in one month = 650 * 1.018
Miriam's credit card balance in one month = 661.70
Miriam's credit card balance in two months = 661.70 * 1.018
Miriam's credit card balance in two months = 673.61
Miriam's credit card balance in three months = 673.61 * 1.018
Miriam's credit card balance in three months = 685.74
Miriam's credit card balance in four months = 685.74 * 1.018
Miriam's credit card balance in four months = 698.08
<u>The correct answer is D. 650.oo, 661.70, 673.61, 685.74, 698.08</u>
