Acertain stock exchange designates each stock with a one-, two-, or three- letter code, where each letter is selected from the 26 letters of the alphabet. if the letters may be repeated and if the same letters used in a different order constitute a different code, how many different stocks is it possible to uniquely designate with these codes? a. 2951b. 8125c. 15600d. 16302e. 18278

E. 18278

Step-by-step explanation:

With one letter:

There are 26 letters. So with one letter, you can build 26 different codes.

With two letters:

For each letter of the code, there are 26 options. So there are 26*26 = 676 possible two-letter codes.

With three letters:

For each letter of the code, there are 26 options. So there are 26*26*26 = 17576 possible three letter codes.

Total:

26+676+17576 = 18278