You Have a Balance of $15,000 for Your Tuition on Your

You have a balance of $15,000 for your tuition on your American Express credit card. If your APR is 21%, you make no further charges, and each month you make only the minimum payment of 3% of your balance, then the formula for the balance after t monthly payments is given by 15,000(0.986975) ^t . What will the balance be after 10 years?

A) $4043.03
B) $3768.92
C) $3150.00
D) $3110.50