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

Algebra ->  Exponential-and-logarithmic-functions -> 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       Log On


   



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(75887) 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.