Answer:
A.the product of X and a factor not depending on X.
Answer:
Step-by-step explanation:
Hey, do you mean what is the final charge? If so, then look at my next steps
If you mean the final charge then first multiply 10% by 360 , basically 10/100 multiplied by $360 which is equals to $36. Since it is interest, add $36 to $360. The answer will be $396. Then you add on the $19 which would bring the total to $415.
Hehe I am no expert but this is what I did . Tried my best
Here is the formula you'll need
Total = Principal * (1 + (rate/n))^n*years
I don't know how to solve that for "n" so we'll use trial and error.
If compounded annually, total =
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10,841.24
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</span>
</span>
If compounded quarterly, total =
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10,955.64
</span>
</span></span><span>If compounded monthly, total =
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10,981.82
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</span>
</span>
If compounded daily, total =
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10,994.58
</span>
</span>
</span>
Therefore the answer is "A", daily.
Source:
http://www.1728.org/compint3.htm
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Easy
nPr=
here
36P19=
1045843337171591729971200000
