A startup company which received a government loan is expected to make a monthly payment till it repays a total of $1093500. Every month it is expected to triple the amount it paid the previous month. The payment for the first month is $500.	Choose the correct choice from the following options:
A) 6 B) 7 C) 9 D) 10 E) 5
First payment--$500   Total amount to be repaid--$1093500   First month payment--$500   Second month payment--$500*3=$4500   Third month payment--$4500*3=$13500   Fourth month payment--$13500*3 -- 4500*3= 
<gadget id="calculator"> -- 4500*3</gadget>
<output>13_500</output>
$13500   Fourth month payment--$13500*3=$40500   Fifth month payment--$40500*3  -- 13500*3= 
<gadget id="calculator">  -- 13500*3</gadget>
<output>40_500</output>
$40500   Fifth month payment--$40500*3=$121500   Sixth month payment--$121500*3 -- 40500*3= 
<gadget id="calculator"> -- 40500*3</gadget>
<output>121_500</output>
$121500   Sixth month payment--$121500*3=$364500   Seventh month payment--$364500*3 -- 121500*3= 
<gadget id="calculator"> -- 121500*3</gadget>
<output>364_500</output>
$364500   Seventh month payment--$364500*3=$1093500   Answer is 7-- 364500*3= 
<gadget id="calculator">-- 364500*3</gadget>
<output>1_093_500</output>
$1093500   Answer is 7
<result>B</result>
A startup company which received a government loan is expected to make a monthly payment till it repays a total of $1093500. Every month it is expected to triple the amount it paid the previous month. The payment for the first month is $500.