Mathematics

Aurora Crosby

18 April, 04:03

Ariana has $1000 to put in a savings account. She is choosing between two

banks. Bank A offers 4% compounded quarterly and Bank B offers 4.1%

compounded semiannually. If Ariana 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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