The bank of brisbane is offering a new savings account that, Mechanical Engineering

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The bank of brisbane is offering a new savings account that

1. The Kovalam Bank advertises savings account interest as 6% compounded daily. What is the effective interest rate?

2. The Bank of Brisbane is offering a new savings account that pays a nominal 7.99% interest, compounded continuously. Will your money earn more in this account than in a daily interest account that pays 8%?

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Mechanical Engineering: The bank of brisbane is offering a new savings account that

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Mechanical Engineering: The bank of brisbane is offering a new savings account that

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