Which savings account will earn you the most money

Asked by maham237 @ 28/04/2021 in Mathematics viewed by 374 People

One that earns simple interest monthly.

One that compounds interest monthly.

One that earns simple interest daily.

One that compounds interest daily.

Answered by maham237 @ 28/04/2021

Answer:

One that compound interest daily.

Step-by-step explanation:

The account that compound interest daily earn us more money because the interest calculated in this type of account is on daily basis. so we get more money compare to other accounts.

And in this type of account we get interest on the interest amount also on the daily basis. So we get more amount on this type of account other than the other accounts. so these account are the best for interest purposes

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