for a savings account that calculates interest daily and pays interest monthly, is it better to contribute daily or monthly? ( lemmy.world )
So i got into a disagreement with ChatGPT about whether you earn more interest overall if you contribute daily rather than monthly, if the overall contribution over 1 year is the same.
I made CGPT write some python code to prove it. His code is on the left. I still didnt believe him so I wrote my own, on the right.
Our results seem to disagree, so Im asking you guys, if your interest is calculated daily and paid monthly, is it better to contribute $143 per day for 365 days, or $4349.58 monthly for 12 months?
![](https://kbin.pithyphrase.net/media/cache/resolve/entry_thumb/32/a9/32a9d0f6571a40cbd865da1c217dd8bf2f2fe7153412eaaa98c9d1f64b852a4c.png)