Middle School

We appreciate your visit to 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. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!

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 ​

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

Answer :

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

Thanks for taking the time to read 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. We hope the insights shared have been valuable and enhanced your understanding of the topic. Don�t hesitate to browse our website for more informative and engaging content!

Rewritten by : Barada

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

#SPJ2