Answer:
2.02%.
Step-by-step explanation:
We are asked to find the Annual Percentage Yield (APY) for the nominal rate of 2% compounded quarterly.
We will use APY formula to solve our given problem.
, where,
r = Stated annual interest rate in decimal form,
n = Number of times interest is compounded per year.

Compounded quarterly means that the value of n is 4.





Let us convert 0.020150500625 to percent as:

Therefore, the required APY would be 2.02%.

Answer:
2/5 or 40% read three books
Step-by-step explanation:
Since 3 out of 5 people read four or more books then the remnaining 2/5 people read three books
Answer:
7881.75
Step-by-step explanation:
10,170x0.775
Answer:
349866
Step-by-step explanation:
L = a + (n - 1) * d
1671 = 3 + (n - 1) * 4
1668 = (n - 1) * 4
417 = n - 1
n = 418
Sn = n/2 * (a + L)
Sn = 418/2 * (3 + 1671)
Sn = 349866
Answer:
Check the explanation
Step-by-step explanation:
Kindly check the attached images below to see the step by step explanation to the question above.