3 years ago

Answer to question first

Mathematics

1 answer:

andrey2020 [161]3 years ago

5 0

Answer:

C. But be careful. It depends if you have been told what I was having trouble with.

Step-by-step explanation:

The question is a little unclear. If the actual interest is constant for all situations, the answer is C. The more times you compound, the more interest you will accumulate. Banks don't do it that way. It they compound every three months, then they cut the interest rate by a quarter.

So the interest would look like (1 + 0.022/4)*principle. Whoever made the question has to make clear what is going on. My guess is the intended answer is C.

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