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 APR to the nearest hundredth of a percent after 1 year?
1 answer:
<span>If John opens a savings account with $1,000 that compounds interest daily. The APR at the time John deposits the account is 3.5% and he makes no withdrawals or deposits his APR after 1 year is 1035</span>
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Answer:
G = 9y²
Step-by-step explanation:
Given
18y³ ← factor out 2y
= 2y(9y²)
2 × 9 = 18 and y × y² = y³
Thus
G = 9y²
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