Imagine that you have a $1000 to invest for a year, and Bank A is so keen to gain your custom that they offer to pay you 100% interest at the end of the year. However, when Bank B gets to hear of this, they offer to pay you 50% interest 6-monthly. Which would you choose?

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e (‘Euler’s number’)

  • Chris Brink

摘要

Imagine that you have a $1000 to invest for a year, and Bank A is so keen to gain your custom that they offer to pay you 100% interest at the end of the year. However, when Bank B gets to hear of this, they offer to pay you 50% interest 6-monthly. Which would you choose?