Suppose your credit card has a balance of $9,500 and an annual interest rate of 14%. You decide to pay off the balance over threeyears. If there are no further purchases charged to the card,(a) How much must you pay each month?(b) How much total interest will you pay?Now suppose decide to pay off the balance over one year rather than three.(C) How much more must you pay each month?(d) How much less will you pay in total interest?O A. (a) $338(b) 5892(c) $528 more per month;(d) $1,776 less in total interestO C. (a) $325(b) $736(c) $528 more per month(d) $1,464 less in total interestOB. (a) $325(b) $2,200(c) $528 more per month(d) $1,464 less in total interestOD. (a) $338(b) $2,668(C) $528 more per month;(d) $1,776 less in total interest