3 years ago

Savings account A and savings account B both offer APRs of 6%, but savings

Mathematics

1 answer:

hichkok12 [17]3 years ago

4 0

A. Savings account B, because it has more compounding periods per year.

Example:

Interest semiannual

1,000×(1+0.06÷2)^(2)=1,060.9

interest quarterly

1,000×(1+0.06÷4)^(4)=1,061.36.

Compare between them and see which one is higher

please bran-list

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Answer:

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Step-by-step explanation:

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