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>
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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</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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It is because the 35.4% divided the 100% total is B. 0.354
The answer is C,
I think that’s eighth
A solution of a function is where the function hits the x-axis, so if y is any number that is not equal to 0, there is no possible way that point can be a solution.
Hope this helps!
