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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asked Jul 23, 2021 47.1k views

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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?

Mathematics
high-school

Tomision asked

by Tomision

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2 Answers

5 votes

I’m pretty sure the answer is 11%

Akash Tantri answered Jul 25, 2021

by Akash Tantri

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3 votes

Answer:

I believe it is 11%

Explanation:

Nicolas Bonnet answered Jul 30, 2021

by Nicolas Bonnet

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