Question

Anthony is deciding between different savings accounts at his bank. he has four options, based on how frequently interest compounds. which should he choose if he wants the best rate of return on his interest?

Answer 1

I think the answer is D

Step-by-step explanation:

Answer 2

Anthony should choose daily compounding as the best rate of return on his interest. Example, suppose Anthony deposits $1000 in a bank which pays 5% interest compounded daily, this means 365 times per year that his principal deposit was added by 5% interest.