Mathematics, 08.03.2021 04:30 raweber
Type the correct answer in each box. Round the interest rate to the nearest hundredth, if necessary.
Danielle is reviewing two different savings accounts. Use the features of each account provided in the table to complete the statement.
Interest Compounding Minimum
Rate Frequency Deposit
Savings
Account
1
2.2596
semiannually
$500
Savings
Account
2.20%
quarterly
$500
Danielle should choose account
because it earns a higher annual interest rate of
Answers: 1
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