Which Is the Most Attractive of the Following Interest Rates

question 39

Multiple Choice

Which is the most attractive of the following interest rates offered on a savings account?

• A) 2.7% compounded annually
• B) 2.68% compounded semiannually
• C) 2.66% compounded quarterly
• D) 2.64% compounded monthly
• E) All of them offer the same effective rate.

---

Definitions:

Java.lang Package

The package in Java that provides classes that are fundamental to the design of the Java programming language.

System.out.printf

A method in Java used to print formatted strings to the console or other output stream.

Decimal Number

A number that is represented using a decimal system, which is based on ten, using digits 0 through 9.

Dot Operator

In programming, the dot operator is used to access the properties or methods of an object.