How is the daily balance method different from compounding interest daily?
a. unlike daily compound interest, the daily balance method only applies charges at the end of the month.
b. the daily balance method rounds less frequently than daily compound interest.
c. the daily balance method checks your balance at the end of each day, but daily compound interest checks at the beginning of each day.
d. it is not different. the two processes are the same.

The daily balance method for   calculating  finance charge uses the actual balance on each day of the  billing cycle.Finance charges are calculated by summing each day's balance multiplied by the daily rate.

Daily compounding interest is  when an account adds the interest happened  at the end of each day to the account balance so that it can earn additional interest the next day and even more the next day, and so on.

Among the given options the one which refers to the difference between daily compounding interest and daily balance method is

option a. Unlike daily compound interest, the daily balance method only applies charges at the end of the month.

the answer is 37

step-by-step explanation: