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Suppose you have $11,000 to invest. Which of the two rates would yield the target amount in 1 year: 11% compounded daily or 10.93% compounded continuously?

Suppose you have $11,000 to invest. Which of the two rates would yield the target amount in 1 year: 11% compounded daily or 10.93% compounded continuously?
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5 votes
Suppose you have $11,000 to invest. Which of the two rates would yield the target amount in 1 year: 11% compounded daily or 10.93% compounded continuously?

asked
User Tomision
by
8.5k points

2 Answers

5 votes
I’m pretty sure the answer is 11%
answered
User Akash Tantri
by
8.2k points
3 votes

Answer:

I believe it is 11%

Explanation:

answered
User Nicolas Bonnet
by
8.0k points
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