You Can Put Your $100 in Bank a That Pays

question 9

Multiple Choice

You can put your $100 in Bank A that pays 8% at the end of the year.You can also put your $100 in Bank B that pays 4% at the end of six months and then 4% again at the end of the year.You will keep your $100 and all interest in the bank.At the end of the year

• A) the total will be the same at both banks.
• B) the total at Bank A will be greater.
• C) the total at Bank B will be greater.
• D) the total could be larger at either bank.