SOLUTION: true or false: bank A offers 6% interest compounded quarterly. Bank B offers 6.1% compounded quarterly. Bank A pays more interest per year. please help me

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Question 35816: true or false: bank A offers 6% interest compounded quarterly. Bank B offers 6.1% compounded quarterly. Bank A pays more interest per year.
please help me
Answer by stanbon(48569) About Me  (Show Source):
You can put this solution on YOUR website!
true or false: bank A offers 6% interest compounded quarterly. Bank B offers 6.1% compounded quarterly. Bank A pays more interest per year.
please help me
False, of course.
Cheers,
Stan H.