IB Maths AA SL 1.2 Arithmetic sequences and series Question Bank

Give your answers to parts (a)(ii), (c)(i) and (d) correct to two decimal places.
Daniela and Sorin have each recently received some money. Daniela won a cash prize and Sorin received an inheritance.
Daniela had two options to choose from to receive her winnings. In both options she receives a payment on the first day of each month for three years.
Option A Each payment is $ 5500.
Option B The first payment is $ 2000. In each month which follows, the payment is 6 % more than the previous month.

Find the total amount Daniela would receive if she chooses

Option A;