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OpenStudy (anonymous):
Lia has $1000 to put in a savings account. She is choosing between two banks. Bank A offers 5% compounded quarterly and Bank B offers 5.1% compounded semiannually. If Lia plans on keeping her money in a savings account for a year, which bank would pay her more in interest, and by how much?
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OpenStudy (anonymous):
halp!
OpenStudy (anonymous):
@braycub
OpenStudy (mathstudent55):
You need the compound interest formula. Do you know it? If not, look it up.
OpenStudy (anonymous):
can i put it in my calculator
OpenStudy (anonymous):
@mathstudent55 hello?
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