starrrr771 starrrr771

07-02-2018
Business

contestada

"what is the apy for a savings account with a $250 balance that receives $9 interest for the year?"

Respuesta :

ahoneybuss ahoneybuss

07-02-2018

2.5%
3.6%
4.32%
10.4%
20.8%
3.6%
----------------
APY = 100 * (interest/principal)
= 100 * (9/250) = 3.6%

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