A loan has a variable interest rate that fluctuates between 8% and 10% of the base payment per month. If base payments remain at $350 each month and an additional monthly surcharge of 1% is added to the combined (base + interest), what would be the greatest possible payment due in any given month?	Choose the most appropriate option.
A) $385.35
B) $386.80
C) $387.50
D) $388.35
E) $388.85
The maximum interest in one month is 10%*$350=$35.   The combined payment (base plus interest) is $350 + $35 = $385.   The greatest possible payment is: 1.01*$385  350 +  35= 
<gadget id="calculator">  350 +  35</gadget>
<output>385</output>
$385.   The greatest possible payment is: 1.01*$385=$388.85.   The answer is $388.85.
<result>E</result>
A loan has a variable interest rate that fluctuates between 8% and 10% of the base payment per month. If base payments remain at $350 each month and an additional monthly surcharge of 1% is added to the combined (base + interest), what would be the greatest possible payment due in any given month?