Ask Question
7 November, 15:22

Anne is comparing savings accounts. One account has an interest rate of 1.2 percent compounded yearly, and one account has an interest rate of 1.2 percent compounded monthly. Which account will earn more money in interest?

1) the account that earns 1.2 percent compounded yearly

2) the account that earns 1.2 percent compounded monthly

+1
Answers (1)
  1. 7 November, 16:06
    0
    The answer will be 2 the account that earns 1.2% compounded monthly.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Anne is comparing savings accounts. One account has an interest rate of 1.2 percent compounded yearly, and one account has an interest rate ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers