6.
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Answer:
With monthly compounding, the bank will calculate interest on your account just once per month. It will not update your balance on a daily basis when it calculates how much interest it owes you. Assuming that the APR is the same, accounts with monthly compounding offer a lower APY than accounts with daily compounding.
Answer:
there are two solutions:
a)
, and
b) 
Step-by-step explanation:
In the equation:
, since a perfect square with the unknown "y" is isolated on the left of the equal sign, we start by applying the square root on both sides of the equality, and then on isolating the unknown:

Therefore there are two solutions:
a)
, and
b) 