1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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
You might be interested in
I’ll really appreciate it if you help me out with this one .
IgorLugansk [536]

Answer:

the answer is d

Step-by-step explanation:

because i said so

but also i figured it out

3 0
3 years ago
for a store contest four out of every 65 people who visit the store will receive a free DVD if 455 people visit the store how ma
Otrada [13]

If the rate at which they are giving the DVDs is the same then it is 4/65 or 16.25% or 0.1625.

Now just multiply 455 by the rate (4/65 or 16.25% or 0.1625) to find how many DVDs were given.

455 × (4/65) = 28

28 DVDs were given away

hope it helps :)

5 0
3 years ago
How do I do these? I don’t understand how my teacher is teaching it so can someone explain
Mamont248 [21]

Here's some guidelines to help you:

For 1, 4, 5, and 6, they are 30-60-90 triangles. What's that you may ask? Well, it means that the sides have a predetermined length when one side is given. In #1 for example, you have a side of 11sqrt3, this means that "n" is 11 because in a 30-60-90 triangle, the longer side is the sqrt3 times the length of the shorter side. So to get the shorter side, we divide by sqrt3 to get 11. "m", or the hypotenuse, can be determined by taking twice the length of the shorter side. Since we figured out earlier that the shorter side is 11, 11 times 2 is 22. So the answer for #1 is n=11, m=22.

For 2 and 3, they are 45-45-90 triangles, triangles where the two lengths are the same and the hypotenuse is either leg length times sqrt2. In problem #2 for example, "y" must be 17 because one leg length is 17. "x", or the hypotenuse, is equal to 17sqrt(2) because 17 times sqrt(2).

You can apply all these rules to the other 4 problems I didn't explain.

Hope this long explanation clears your doubts!

5 0
3 years ago
27- 2b greater or equal to - 6
dezoksy [38]
27-2b > -6
-2b > -6-27
-2b > -33
b < -33/-2 (you have to change the sign when you divide with a negative number)
b < 16.5
(all the signs are supposed to have a line under them to make them greater or equal or less than or equal to)
5 0
3 years ago
Answer?350x+22,000=410x+16,000 true?
tekilochka [14]

Answer:

x=100 if im correct

Step-by-step explanation:

3 0
3 years ago
Other questions:
  • Need help on algebra
    10·1 answer
  • 3. Two identical balloons are filled, one with helium and one with nitrogen at the same temperature. If the nitrogen balloon lea
    10·1 answer
  • Please HELP ASAP!!<br> The attachment is down below
    13·1 answer
  • What is x2-5x+6=0 factorised?
    13·2 answers
  • One person can do a certain job in twenty-one minutes, and another person can do the same job in twenty-eight minutes. How many
    7·2 answers
  • ABCD is a rectangle.<br>Work out the angle 'a' in each diagram.<br>Help please!!
    12·1 answer
  • Can anyone please help me with this geometry question!!
    6·1 answer
  • Solve |2x - 5| = 4 Thank you
    11·1 answer
  • The two triangles are congruent as suggested by their appearance. Find the value of c. The diagrams are not to scale.
    15·1 answer
  • Which addition does the model below represent?<br><br> 5 positive tiles and 3 negative tiles.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!