Question

Many credit card companies charge a compound interest rate of 1.8% per month on a credit card balance. Nelson owes $950 on a credit card. If he makes no purchases or payments, he will go deeper and deeper into debt.

Which of the following sequences describes his increasing monthly balance ​

Answer 1

Answer:

the answer is A

Step-by-step explanation:

always multiply by the 1.8% (or .018) and then add it to the number you multiplied the .018 to

start with the 950 * .018 = 171.00

950 + 171.00 = 1121.00

then you follow this process

1121.00 * .018 = 201.78

1121.00 + 201.78 = 1322.78

Answer 2

The answer is A

What sequences describe his increasing monthly balance?

Always multiply by the 1.8% (or .018) and then add it to the number you multiplied the .018 to

Start with the 950 *.018 = 171.00

950 + 171.00 = 1121.00

Then you follow this process

1121.00 * .018 = 201.78

1121.00 + 201.78 = 1322.78

Problem-solving is the act of defining a problem; figuring out the purpose of the trouble; identifying, prioritizing, and selecting alternatives for an answer; and imposing an answer.

Learn more about Problem-solving here: brainly.com/question/13818690

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