Identify the account that has the higher effective rate.

Account X | Account Y
Nominal 3% | 3.3%
interest Rate:

Compounding: Daily | Annually

The account with the higher effective interest rate is: Account y or Account X

step-by-step explanation:

the true statements are:

r = set of real numbers

n = set of natural numbers, 1,2,

w = n u{0} = {0,1,}

hi there!

first we need to find out how much they are adding to each number to make the next number.

ex: 4 + 4 = 8, 8 + 8 = 16, and so on.

so continuing with 32,

32 + 32 = 64

64 + 64 = 128

128 + 128 = 256

256 + 256 = 512

4, 8, 16, 32, 64, 128, 256, 512

the 8th term of the sequence will be 512

hope this ! ~