(a) You had spent a total of $2000 but can only pay a maximum of $700 each month. Assume that you will not incur any more debt on the credit card and that you want to clear your credit card debt as soon as possible. Interest rate on the credit card is18% per annum. Calculate the amount remaining (including interest) inEACHof the two subsequent months after paying $700 for the first month. Keep answers to 2 decimal places. Show all your workings clearly step by step.

(b) Republic National Bank has just launched 2 new credit cards. Both cards are in partnership with other brands. The first one is with Conch Petrol Ltd, a petrol company with over 50 petrol stations in Singapore. The second one is Lizidi, an online merchant selling a wide variety of products. Patricia is a Grab driver who spends most of her free time shopping online. Patricia is also a Lizidi Gold member. Select the credit card Patricia should apply. Provide THREE [3] reasons to support your answer.