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Doss [256]
3 years ago
7

What is the APY of a savings account with an APR of 3.9742% compounded monthly? Answer to the four decimal place

Mathematics
2 answers:
Maurinko [17]3 years ago
6 0

Answer:

The APY of the saving account is 4.0474%

Step-by-step explanation:

We know the formula for APY which is given by

APY=(1+\frac{r}{n} )^n-1

here, r= interset rate =  3.9742% = 0.039742

n = compounding cycles = 12

On plugging these values in the above formula, we get

APY=(1+\frac{0.039742}{12} )^{12}-1

On simplifying this we get

APY =0.04047395=4.0474%

LUCKY_DIMON [66]3 years ago
3 0

Answer:

APY = 4.0474%

Step-by-step explanation:

Given is the Annual Percentage Rate (APR) = 3.9742% compounded monthly.

Suppose Principal amount, P = $1.

time, t = 1 year.

interest rate, r = 3.9742% = 0.039742

period of compounding, n = 12 (for monthly).

Future value = P * (1 + r/n)^(nt)

FV = 1 * (1 + 0.039742/12)^(1*12) = 1.040473955

Annual Percentage Growth = (FV/P)*100 = (1.040473955 / 1) * 100 = 4.0473955%

Hence, Annual Percentage Yield (APY) = 4.0474%

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3.) 4+(15+26)=(4+15)+26
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Answer:

<h2>90 Hope this helps! Please consider marking brainliest.</h2>

Step-by-step explanation:

Use pemdas:

(15+26)=41

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2 years ago
A recipe for tropical punch calls for 2 cups of pineapple juice and 3 cups of orange juice. Jo creates a drink by mixing 3 cups
aleksley [76]

Answer:

we can see that Amount of pineapple juice is more in Jo's drink And Amount of Orange juice is less in Jo'drink .

Step-by-step explanation:

In Recipe for tropical punch

The Number of cups of pineapple juice = 2.

The Number of cups of orange juice = 3.

Thus , Total number of cub of juice = 2+3

                                                           = 5 cups.

So, % of pineapple in tropical punch = \frac{2}{5}\times 100

                                                             =40\%

So, % of orange juice in tropical punch = \frac{3}{5}\times 100

                                                                 =60\%

In Jo's drink

The Number of cups of pineapple juice = 3.

The Number of cups of orange juice = 4.

Thus Total number of cub of juice = 3+4 = 7 cups.

So, % of pineapple in Jo's drink  = \frac{3}{7}\times 100

                                                      =42.85\%

So, % of orange juice Jo's drink = \frac{4}{7}\times 100

                                                    =57.14\%

Thus we can see that Amount of pineapple juice is more in Jo's drink And Amount of Orange juice is less in Jo'drink .

6 0
3 years ago
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A division problem is shown below. 4 and one-third divided by 5 and StartFraction 1 over 6 EndFraction The reciprocal of a fract
True [87]

Answer:

5 1/6

Step-by-step explanation:

3 0
3 years ago
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Please help! How much is 840 miles in 3 &amp; 1/2 hours?
Ilia_Sergeevich [38]

I'm assuming your teacher wants you to calculate the speed

1/2 = 0.5

3 & 1/2 = 3 + 1/2 = 3 + 0.5 = 3.5

If a plane flies 840 miles in 3.5 hours, then,

speed = distance/time

speed = (840 mi)/(3.5 hr)

speed = (840/3.5) mph

speed = 240 mph

<h3>Answer: 240 mph</h3>
7 0
2 years ago
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