You have a balance of $7500 on your credit card and you make no further charges. If your APR is 12.


You bear a redress of $7500 on your faith card and you fabricate no prefer score. If your APR is 12.5% and each month you fabricate singly the stint cancelment of 5% of your redress, then furnish a formula for the redress after t monthly cancelments. A) 7500(0.959896) t B) 7500(0.940104) t C) 7500(1.03906) t D) 7500(1.06094) t