Sakurablxssomidn
Answered

Explore IDNLearn.com's extensive Q&A database and find the answers you need. Get accurate and detailed answers to your questions from our knowledgeable and dedicated community members.

PLEASE HELP ASAP!! CORRECT ANSWER ONLY PLEASE!!!

Which account has the highest annual interest rate?

A. Account 1: Interest is compounded daily at a rate of 5.25%.

B. Account 2: Interest is compounded monthly at a rate of 5.40%.

C. Account 3: Interest is compounded quarterly at a rate of 5.50%.

D. Account 4: Interest is compounded annually at a rate of 5.55%.

Sagot :

Bowmaian000idn

Answer:

A

Step-by-step explanation:

So we know that B talks of monthly, which is about 30 times less than the daily interest(A).

Next we have quarterly(C), which is every three months. This would be 3 times longer than B, and over 90 times longer than daily(A).

Finally we have D, which is anual interest. Anual is only once a year, which is four times longer than C, 12 times longer than B, and over 360 times longer than A.

Answer:

A is the highest  interest rate.

Hope this helps! ;)
The answer for this question is A
We are happy to have you as part of our community. Keep asking, answering, and sharing your insights. Together, we can create a valuable knowledge resource. Thanks for visiting IDNLearn.com. We’re dedicated to providing clear answers, so visit us again for more helpful information.