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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If compounded quarterly, total =
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10,955.64
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</span></span><span>If compounded monthly, total =
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10,981.82
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If compounded daily, total =
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10,994.58
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Therefore the answer is "A", daily.
Source:
http://www.1728.org/compint3.htm
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Answer:
Using it's concept, it is found that there is a 8.3% probability of flipping a head AND rolling a 3.
