Answer:
22
It's too short. Write at least 20 characters to explain it well.
Assume $1000 at 4.9% semi-annually = <span>$1,049.60
Assume $1000 at 4.8% daily = </span><span> $1,049.17
Let's try a bigger number $50'000 </span>4.9% semi-annually<span> $52,480.01
</span> $50,000 4.8% daily = <span> $52,458.37
It's a wash, the question is how long will you be investing, that might make a difference. I calculated 12 Millions over 6 years and bank A would be the better choice. Semi-annual compounded at 4.9%</span>
To solve this we are going to use the simple interest formula:

where

is the final amount.

is the initial investment.

is the interest rate in decimal form.

is the time in years.
Investment A. We know that the initial investment is $10,000, so

. We also know that the number of years is 5, so

. To convert the interest rate to decimal form, we are going to divide the rate by 100%

Lets replace those values in our formula to find

:


Investment B. 
,

, and

.



We can conclude that
investment A will be worth than investment B at the end of the investment period.