Moses transferred a balance of 1950 to a new credit card at the beginning of the year The card offered an introductory APR of 2

Question

Moses transferred a balance of 1950 to a new credit card at the beginning of the year The card offered an introductory APR of 2 7 for the first 2 months and a standard APR of 23 4 thereafter If the card compounds interest monthly which of these expressions represents Moses s balance at the end of the year Assume that Moses will make no payments or new purchases during the year and ignore any possible late payment fees O A 1950 1 0 027 1 0234 0 027 12 0 234 12 O C 1950 1 0027 1 0234 B 1950 1 12

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