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Type: Multiple-Choice
Category: Functions and Relations
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 Functions and Relations CCSS: HSF-IF.C.8, HSF-IF.C.8b

Account I offers 5% interest compounded annually, while Account II offers 5.1% interest compounded quarterly. Which account will grow faster?
  1. Account I
  2. Account II
  3. Both grow at the same rate
  4. Cannot be determined