Multiple Choice Questions in General Mathematics

Financial Mathematics

Question 3.

Sean uses a credit card to buy some computer games. The games cost $420.
Sean's credit card has no interest-free period and interest is charged at 0.04% per day, compounded daily.
Sean pays his credit card, in full,50 days later.
How much did Sean pay? (To nearest cent)

A. $428.40
B. $428.48
C. $436.80
D. $840.00