Answer:
The minimum value for
is
.
Step-by-step explanation:
Given function is 
We need to find the maximum value or the minimum value for the function.
Now, differentiate
w.r.t
.


Now, we will equate
to find critical point.

Plug this critical point in to the function
we get,

Also,
which is positive, We have minimum value.
So, the minimum value for
is
.
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 =
<span>
<span>
<span>
10,841.24
</span>
</span>
</span>
If compounded quarterly, total =
<span>
<span>
<span>
10,955.64
</span>
</span></span><span>If compounded monthly, total =
</span>
<span>
<span>
<span>
10,981.82
</span>
</span>
</span>
If compounded daily, total =
<span>
<span>
<span>
10,994.58
</span>
</span>
</span>
Therefore the answer is "A", daily.
Source:
http://www.1728.org/compint3.htm
<span>
</span><span><span>
</span>
</span>
Step-by-step explanation:
Clue: (I'm not giving the answer this is just clues) The word "absolute" helps you understand not to estimate so you want to get the RIGHT answer not the estimation.
Answer: 14,15,29...................
I think the answer is C hope this would help you