55.8k views
4 votes
Ellen has her money is a savings account that earns 4 percent interest and compounds annually. Ricardo has his money in a savings account that earns 4 percent interest and compounds daily. If they both started with the same amount in their account and made no withdrawals or deposits, who will have more money after one year?

User Scott Lin
by
7.3k points

1 Answer

3 votes
Ellen because I answered this on a test and got it right
User Jjpcondor
by
7.2k points