Ask Question
13 December, 22:06

Which savings account will earn you the most money?

One that earns simple interest monthly.

One that compounds interest monthly.

One that earns simple interest daily.

One that compounds interest daily.

+3
Answers (1)
  1. 13 December, 22:35
    0
    One that compound interest daily.

    Step-by-step explanation:

    The account that compound interest daily earn us more money because the interest calculated in this type of account is on daily basis. so we get more money compare to other accounts.

    And in this type of account we get interest on the interest amount also on the daily basis. So we get more amount on this type of account other than the other accounts. so these account are the best for interest purposes
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which savings account will earn you the most money? One that earns simple interest monthly. One that compounds interest monthly. One that ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers