document.write( "Question 1179869: Topic: Financial Mathematics \r
\n" ); document.write( "\n" ); document.write( "Is it A? I want to check my answer.\r
\n" ); document.write( "\n" ); document.write( "Which account has the highest annual interest rate?\r
\n" ); document.write( "\n" ); document.write( "A. Account 1: Interest is compounded daily at a rate of 5.25%.\r
\n" ); document.write( "\n" ); document.write( "B. Account 2: Interest is compounded monthly at a rate of 5.40%.\r
\n" ); document.write( "\n" ); document.write( "C. Account 3: Interest is compounded quarterly at a rate of 5.50%.\r
\n" ); document.write( "\n" ); document.write( "D. Account 4: Interest is compounded annually at a rate of 5.55%. \r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "The answer is provided in the link here: https://i.imgur.com/QSbXPpc.png
\n" ); document.write( "

Algebra.Com's Answer #809447 by MathLover1(20850)\"\" \"About 
You can put this solution on YOUR website!

\n" ); document.write( "A. Account 1: Interest is compounded daily at a rate of \"5.25\"%.\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "\"%28%28%28%280.0525+%2F+100%29+%2B+1%29+%5E+365%29+-+1%29%2A100=21.12\"%\r
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "B. Account 2: Interest is compounded monthly at a rate of \"5.40\"%.\r
\n" ); document.write( "\n" ); document.write( "\"%28%28%28%280.0540+%2F+100%29+%2B+1%29+%5E+365%29+-+1%29%2A100=21.78\"%\r
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "C. Account 3: Interest is compounded quarterly at a rate of \"5.50\"%.\r
\n" ); document.write( "\n" ); document.write( "\"%28%28%28%280.0550+%2F+100%29+%2B+1%29+%5E+365%29+-+1%29%2A100=22.23\"%\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "D. Account 4: Interest is compounded annually at a rate of \"5.55\"%.\r
\n" ); document.write( "\n" ); document.write( "\"%28%28%28%280.0555+%2F+100%29+%2B+1%29+%5E+365%29+-+1%29%2A100=22.45\"%\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "Which account has the highest annual interest rate?\r
\n" ); document.write( "\n" ); document.write( "answer: D\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "
\n" ); document.write( "
\n" );