AIR MATH

Math Question

Many credit card companies charge a compound interest rate of \( 1.8 \% \) per month on a credit card balance. Miriam owes \( \$ 550 \) 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? A. \( 550.00,559.90,569.80,579.70,589.60, \ldots \) B. \( 550.00,649.00,765.82,903.67,1066.33, \ldots \) C. \( 550.00,550.99,551.98,552.98,553.97 \), D. \( 550.00,559.35,568.86,578.53,588.36 \), E. \( 550.00,559.90,569.98,580.24,590.68 \),

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