The table below shows the expenses and payments for 8 months on a credit card account with an initial balance of $500. assume that the interest rate is 1.5% per month (18% APR) and that interest for a given month is charged on the balance for the previous month. complete the table. after 8 months, what is the balance on the credit card?

Table of expenses and payments Complete the table below. (Round to the nearest cent as needed.) Month Payment Expenses Interest Balance 0 $500 1 $500 $150 $7.50 $157 50 2 $150 $150 Month Payment Expenses Interest Balance 0 $500 1 $500 $150 1.5% x $500 157 50 =$7.50 2 $150 $150 3 $360 $350 4 $500 $450 5 0 $80 6 $70 $80 7 5200 $150 8 $100 $90 Enter your answer in the edit fields and then click Check Answ Print Done