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Savings account A and savings account B both offer APRs of 4%, but savings account A compounds interest quarterly, while savings account B compounds interest monthly. Which savings account offers the higher
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Savings account A and savings account B both offer APRs of 4%, but savings account A compounds interest quarterly, while savings account B compounds interest monthly. Which savings account offers the higher APY?

User Manub
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2 Answers

4 votes
the answer is b because theres more transactions with mothly that quarterly
User TheRyanMark
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2 votes

Savings account B because it has more coumpunding periods

User Electricsheep
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