Las024
Las024 Las024
  • 19-09-2019
  • Mathematics
contestada

What is the effective annual interest rate on a savings account that earns interest at a rate of 1.55% compounded monthly?

A.) 1.29%
B.) 1.55%
C.) 1.56%
D.) 1.59%

Respuesta :

tigerpukk tigerpukk
  • 14-12-2019

Answer: C) 1.56%

Step-by-step explanation:

Ver imagen tigerpukk
Ver imagen tigerpukk
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marquezlizbeth209 marquezlizbeth209
  • 02-11-2020

Answer:

C. 1.56% is the correct answer

Answer Link

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