$\bf \qquad \qquad \textit{Annual Yield Formula}
\\\\
\qquad \qquad \left(1+\frac{r}{n}\right)^{n}-1
\\\\
\begin{cases}
r=rate\to 3.5\%\to \frac{3.5}{100}\to &0.035\\
n=
\begin{array}{llll}
\textit{times it compounds per year}\\
\textit{daily, so in a year is 365}
\end{array}\to &365
\end{cases}
\\\\\\
\left(1+\frac{0.035}{365}\right)^{365}-1$

you'll get a decimal format, just multiply it times 100, to get the % format

6 0

3 years ago

Read 2 more answers

A car travels 150 miles in 2 hours. Which of the following represents a corresponding unit rate? Choose all that apply.

azamat

The answer is C.) 1.25 miles per day

6 0

2 years ago

What's the value of<br><img src="https://tex.z-dn.net/?f=%20%3D%20%20%3E%2025%20%5Ctimes%20386%20%2B%203219%20%5Cdiv%202" id="Te

-BARSIC- [3]

Answer: