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A person acquires a new credit card and uses it to purchase goods costing 2 5 0 per month. At the end of each month

A person acquires a new credit card and uses it to purchase goods costing 250 per month. At the end of each month the following events happen in the order given:
1. The 250 spent that month is added to the total debt.
2. The person pays back to the credit card company 5% of the total debt.
3. Interest is charged on the remaining debt at the rate of 2.2% per month and added to the debt.
You are asked to write a MATLAB script M-file to calculate how many months it takes for the debt to exceed 3000(the credit limit for the card).

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