In 2012-13,what Was the Average Cost to Accommodate an Offender

question 17

Multiple Choice

In 2012-13,what was the average cost to accommodate an offender in a community correctional centre?

• A)$64,537
• B)$70,324
• C)$72,333
• D)$75,989

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Definitions:

Deposits

Funds placed into an account in a bank or other financial institution for safekeeping.

Compounded Quarterly

Interest on an investment or loan calculated four times per year, adding each quarter's interest to the principal for the calculation of the next quarter's interest.

Interest Rate Change

Modification in the percentage that determines the amount of interest to be paid on a loan or received on deposits over time.

Compounded Quarterly

A method of calculating interest where the accumulated interest is added to the principal sum every three months, leading to interest earnings on interest.