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4 years ago

8

Savings account A and savings account B both offer APRs of 4%, but savings account A compounds interest quarterly, while savings

account B compounds interest monthly. Which savings account offers the higher APY?

2 answers:

Digiron [165]4 years ago

6 0

The answer is b because theres more transactions with mothly that quarterly

emmasim [6.3K]4 years ago

5 0

Savings account B because it has more coumpunding periods

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Step-by-step explanation:

First, you distribute the right side

-48 = 12(m+4)

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Simplify:

-48 = 12m+48

Solve for m

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