How would the situation change if the interest on Emma's credit card were compounded annually rather than monthly, and she didn't make any payments toward the balance?


After 4 years, Emma would owe approximately $___ for her original purchase of $300.


It would take around ____

years for her balance to increase from $300 to $450.


( options for first blank:

A. 480

B. 525

C. 435

D. 545 )


( options for second blank:

E. ) 3. 1

F. ) 2. 5

G. ) 2. 9

H. ) 2. 7 )