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3 years ago

11

the apr of vinny's savings account is 3.5% , but interest is compounded only once a year. what is the apy of vinny's saving acco

unt?

2 answers:

nikdorinn [45]3 years ago

4 0

1+r=1+0.35
Solve for r you will get the same rate
The answer is 3.5%

Blizzard [7]3 years ago

3 0

Answer:

just 3.5% I just did it on apex.

Step-by-step explanation:

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see attachment

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