The first part is fill in the blank which is either tangerine or simplil financial

Suppose for its deposit accounts Simplil Financial is offering to pay interest at a rate of 0.35% per month with monthly compounding, but Tangerine is offering to pay interest at a rate of 1.05% per quarter with quarterly compounding. (One quarter is equal to three months. Which financial institution is offering the higher rate? The higher rate is being offered by they because the effective annual rate of Simpli Financial in decimal form is and the effective annual rate of Tangerine in decimal form is (Round to six decimal places.)