In the last 3 years, mutual fund A grew at the rate of 9.5%/year compounded quarterly. Over the same period, mutual fund B grew at the rate of 9.6%/year compounded semiannually. Which mutual fund has a better rate of return?
A) Fund A
B) Fund B

Question

In the last 3 years, mutual fund A grew at the rate of 9.5%/year compounded quarterly. Over the same period, mutual fund B grew at the rate of 9.6%/year compounded semiannually. Which mutual fund has a better rate of return? ​ 
A) Fund A
B) Fund B

Quizplus · Accepted Answer

The Answer is A

In the Last 3 Years, Mutual Fund a Grew at the Rate