Ok so lets plug in a first -1/3(-3) would equal 9 a is the accurate answer
50,000 = 5 · 10,000 = 5 · 10⁴
Answer:
The APY of the saving account is 4.0474%
Step-by-step explanation:
We know the formula for APY which is given by

here, r= interset rate = 3.9742% = 0.039742
n = compounding cycles = 12
On plugging these values in the above formula, we get

On simplifying this we get
APY =0.04047395=4.0474%