Decide whether the following statement makes sense(or is clearlytrue) or does not make sense(or is clearlyfalse). Explain your reasoning.

Both banks were paying the same annual percentage rate(APR), but one had a higher annual percentage yield than the other(APY).

Choose the correct answer below.

A.

This statement makes sense because the banks can have a different number of compoundingperiods, which results in different annual percentage yields.

B.

This statement makes sense because the banks can have different startingprincipal, which results in different annual percentage yields.

C.

This statement does not make sense because two banks will never have the same annual percentage rate.

D.

This statement does not make sense because if the annual percentage rates are thesame, then the annual percentage yields will be the same as well.