Try Yourself $-$ Question $1$

Marcy is shopping around for a bank to open a savings account. She considers

three: NetnetBank, which offers a rate of $4\mathrm{.}35\%$ compounded annually; SNB

Bank, which offers $4\mathrm{.}29\%$ compounded weekly; and TJBank, which offers $4\mathrm{.}17\%$

compounded daily. Which of the three banks offers the best deal at the end of one

year?

A$.$ SNB Bank is the best offer at the end of one year.

B$.$ TJ Bank is the best offer at the end of one year.

C$.$ Netnet Bank is the best offer at the end of one year,