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15-11-2019
Mathematics

contestada

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%.

Respuesta :

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15-11-2019

Answer:

A. 5.25%

Step-by-step explanation:

Because it would be the greatest number if it was done monthly, quarterly,or annually.

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