### Home > AC > Chapter 16 > Lesson 16.9.1.2 > Problem 9-30

9-30.

**Challenge: **Your bank offers an interest rate of

What is the minimum whole number of times the bank compounds my interest?

times What is the maximum number of times the bank compounds my interest?

There is no max, continuing compounding will still round to

. Assuming the bank is giving exactly

APR (no rounding), how many times per year is the account compounded. Use Guess and Check.