The APR of Vinny’s saving account is 3.5% but interest is compounded only once a year. what is the APY of Vinny’s savings accoun
t?
A. Greater than 1% but less than 3.5%
B. 3.5%
C. 1%
D. Greater than 3.5%
2 answers:
HOI!!
ok 3.5 apr is equivelent to 2.5 so your answer would be A
hope this helps!!!
:) :) :)
Answer: the answer is 3.5% :)
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