Solve the problem.Karen has a balance of  on a department store credit card that charges  interest per month on any unpaid balance. She can afford to pay  toward the balance each month. Her balance each month, after making a  payment, is given by the recursively defined sequence B0 = $1500  Bn = 1.015Bn-1 - 150Determine Karen's balance

after making the first payment. That is, determine B1.

A. $1372.50
B. $1243.09
C. $1472.50
D. $1422.50


Answer: A

Mathematics

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