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Vesna [10]
3 years ago
12

Suppose John opens a savings account with $1,000 that compounds interest daily. The APR at the time John deposits the account is

3.5%. He makes no withdrawals or deposits. What is his APY to the nearest hundredth of a percent after 1 year?
Mathematics
1 answer:
Fed [463]3 years ago
4 0
\bf \qquad  \qquad  \textit{Annual Yield Formula}
\\\\
\left. \qquad \qquad  \right.\left(1+\frac{r}{n}\right)^{n}-1
\\\\
\begin{cases}
r=rate\to 3.5\%\to \frac{3.5}{100}\to &0.035\\
n=
\begin{array}{llll}
\textit{times it compounds per year}
\end{array}\to &365
\end{cases}
\\\\\\
\left(1+\frac{0.035}{365}\right)^{365}-1
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Step-by-step explanation:

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1 Cancel <span>33</span>
<span>x+\frac{6}{x}+4+x-1<span>x+<span><span>​x</span>​<span>​6</span><span>​​</span></span>+4+x−1</span></span>
2 Collect like terms
<span>(x+x)+\frac{6}{x}+(4-1)<span>(x+x)+<span><span>​x</span>​<span>​6</span><span>​​</span></span>+(4−1)</span></span>
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7 0
3 years ago
PLEASE HELP!!on a piece of paper graph f(x)=2•(3)^x.Then determine which answer choice matches the graph you drew.
Dahasolnce [82]

Answer:

Graph B

The graph in the attached figure

Step-by-step explanation:

we have

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of the form

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In this problem

a=2 ----> the y-intercept

b=3

so

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so

The y-intercept of the graph is equal to 2

As x increases the value of f(x) increases

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4 0
3 years ago
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Nataly [62]
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5 0
3 years ago
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brilliants [131]

Answer:

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Step-by-step explanation:

\left\{\begin{array}{ccc}2x+3y=17&\text{multiply both sides by (-2)}\\3x+6y=30\end{array}\right\\\underline{+\left\{\begin{array}{ccc}-4x-6y=-34\\3x+6y=30\end{array}\right}\qquad\text{add both sides of the equations}\\.\qquad-x=-4\qquad\text{change the signs}\\.\qquad x=4\\\\\text{put the value of x to the first equation:}\\\\2(4)+3y=17\\8+3y=17\qquad\text{subtract 8 from both sides}\\3y=9\qquad\text{divide both sides by 3}\\y=3

5 0
2 years ago
Read 2 more answers
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