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Type: Multiple-Choice
Category: Exponents
Level: Grade 11
Standards: HSF-IF.C.8, HSF-IF.C.8b
Tags: HSF-IF.C.8 HSF-IF.C.8b
Author: HTPhysics
Created: 8 months ago

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Grade 11 Exponents CCSS: HSF-IF.C.8, HSF-IF.C.8b

Given two accounts: one with 6% interest compounded annually, and another with 6% interest compounded semi-annually, which account has the higher effective rate of change?
  1. Account I (annually)
  2. Account II (semi-annually)
  3. Both have the same rate
  4. Cannot be determined