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19 March, 16:13

When opening a savings account, the interest rate which would produce the greatest interest would be:

a. a simple interest rate.

b. an interest rate that is compounded daily.

c. an interest rate that is compounded annually.

d. an interest rate that is compounded monthly.

e. None of these choices are correct.

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Answers (1)
  1. 19 March, 18:18
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    B is the answer to your question
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