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%

Answer Link

Otras preguntas

A rock is thrown upward from the level ground in such a way that the maximum height of its flight is equal to its horizontal range R. (a) At what angle θ is th

The rotation of the earth around its own axis takes: 24 hours 365 days 12 hours 30 days

15. Three types of volcanoes that we discussed in class characteristics of each.

The CPI tends to A. estimate inflation correctly. B. underestimate the extent of inflation when prices increase rapidly. C. overestimate inflation by excluding

Katie says ‘when you half a whole number that ends in 6, you always get a number that ends in 3.' Write down an example to prove that this statement is not true

What was the source of the name "Pilgrims" as applied to the Plymouth Separatists? The name "Pilgrims" was given by the Indians during a special banquet. The na

What is the answer to this problem? 2 1/3 + 3 1/3 =?

Brooklyn has been contributing to a traditional IRA for seven years (all deductible contributions) and has a total of $30,000 in the account. In 2019, she is 39

When preparing a direct materials budget, the units of raw material needed to meet production should be ______ to desired ending inventory and the beginning inv

Which statement correctly describes the relationship between the graph of f(x) and g(x)=f(x+2) ? The graph of g(x) is the graph of f(x) translated 2 units do