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Type: Multiple-Choice
Category: Functions and Relations
Level: Grade 11
Standards: HSF-IF.C.7e
Author: HTAdmin
Created: a year ago

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Grade 11 Functions and Relations CCSS: HSF-IF.C.7e

How does the frequency of compounding affect compound interest?
  1. Compounding frequency has no effect on compound interest.
  2. The higher the compounding frequency, the lower the compound interest.
  3. The lower the compounding frequency, the higher the compound interest.
  4. The higher the compounding frequency, the higher the compound interest.