Register

You can choose to deposit an inheritance from your grandmother of $11,500 in either of two banks for 5 years. Bank A pays 4.95% compounded continuously or Bank B pays 5% compoun…

You can choose to deposit an inheritance from your grandmother of $11,500 in either of two banks for 5 years. Bank A pays 4.95% compounded continuously or Bank B pays 5% compoun…
asked 74.8k views
3 votes
You can choose to deposit an inheritance from your grandmother of

$11,500 in either of two banks for 5 years. Bank A pays 4.95%
compounded continuously or Bank B pays 5% compounded quarterly.
Which pays the most? Show how much more

asked
User Hbejgel
by
7.6k points

1 Answer

3 votes

Answer:

bank A pays the most interest

answered
User Rosangel
by
8.0k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!