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:
Me no espanol
Step-by-step explanation:
LOL
It means that 15 times another number equals to your equation.
Answer:
<h2>Less than 0.84</h2>
Step-by-step explanation:
- Convert all numbers to decimals
- 85% --> 0.85
- 0.88 --> 0.88
Since these are the top three, the rest of the competitors are less than 0.84.
