What is y=-x+3 y=-7x-3 A.) (-4,-4) B.) (-4,4) C.) (4,-2) D.) (-1, 4)
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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%