The answer is 8.5% interest compounded daily.
EXPLANATION
Regardless of your rate, the more often interest is paid, the more beneficial the effects of compound interest.
A daily interest account, which has 360 compounding periods a year, in this case, will generate more money than an account with an annual compounding, which has one compounding period per year.
Answer:
cuteboy979409
Step-by-step explanation:
I am sorry mam a was not able to answer this question.
Answer:
The last answer.
Step-by-step explanation:
It looks to be the correct answer because for the one above you can't simplify 27 by 5.