answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
LUCKY_DIMON
2 months ago
10

The savings account offering which of these APRs and compounding periods offers the best APY?

Mathematics
2 answers:
PIT_PIT [12.4K]2 months ago
7 0

Answer:

The right choice is Option C.

Step-by-step explanation:

The formula can be expressed as = (1+\frac{r}{n})^{n}-1

r represents the interest rate

n indicates how many times it is compounded

1. A 4.0784% interest rate compounded monthly

in this instance, n = 12

(1+\frac{0.040784}{12})^{12} -1 = 1.0403-1 = 0.0403

2. A 4.0798% interest rate compounded semiannually

for this example, n = 2

(1+\frac{0.040798}{12})^{2} -1 = 1.0066-1 = 0.0066

3. A 4.0730% interest rate compounded daily

here, n = 365

(1+\frac{0.040730}{12})^{365} = 3.328-1 = 2.328

zzz [12.3K]2 months ago
7 0
\bf \qquad \qquad \textit{Annual Yield Formula}
\\\\
~~~~~~~~~~~~\textit{4.0784\% compounded monthly}\\\\
~~~~~~~~~~~~\left(1+\frac{r}{n}\right)^{n}-1
\\\\
\begin{cases}
r=rate\to 4.0784\%\to \frac{4.0784}{100}\to &0.040784\\
n=
\begin{array}{llll}
\textit{times it compounds per year}\\
\textit{monthly, thus twelve}
\end{array}\to &12
\end{cases}
\\\\\\
\left(1+\frac{0.040784}{12}\right)^{12}-1\\\\
-------------------------------\\\\
~~~~~~~~~~~~\textit{4.0798\% compounded semiannually}\\\\


\bf ~~~~~~~~~~~~\left(1+\frac{r}{n}\right)^{n}-1
\\\\
\begin{cases}
r=rate\to 4.0798\%\to \frac{4.0798}{100}\to &0.040798\\
n=
\begin{array}{llll}
\textit{times it compounds per year}\\
\textit{semi-annually, thus twice}
\end{array}\to &2
\end{cases}
\\\\\\
\left(1+\frac{0.040798}{2}\right)^{2}-1\\\\
-------------------------------\\\\


\bf ~~~~~~~~~~~~\textit{4.0730\% compounded daily}\\\\
~~~~~~~~~~~~\left(1+\frac{r}{n}\right)^{n}-1
\\\\
\begin{cases}
r=rate\to 4.0730\%\to \frac{4.0730}{100}\to &0.040730\\
n=
\begin{array}{llll}
\textit{times it compounds per year}\\
\textit{daily, thus 365}
\end{array}\to &365
\end{cases}
\\\\\\
\left(1+\frac{0.040730}{365}\right)^{365}-1
You might be interested in
Consider a differential equation of the form y′=f(αt+βy+γ)y′=f(αt+βy+γ), where α,βα,β, and γγ are constants. Use the change of v
AnnZ [12381]

The question is:

Examine a differential equation expressed as

y′ = f(αt + βy + γ),

where α, β, and γ are constants. Employ the variable change

z = αt + βy + γ to reformulate the differential equation as a separable equation of the type z′ = g(z).

Answer:

The equation

y′ = f(αt + βy + γ)

can be rephrased as

dy/dt = f(αt + βy + γ).

Our goal is to rewrite this differential equation in the form

z' = g(z), that is dz/dt = g(z).

First, be aware that

dz/dt = (dz/dy) * (dy/dt)...................(1)

Utilizing the substitution

z = αt + βy + γ

as specified,

dz/dy = β..........................................(2)

dy/dt = f(αt + βy + γ) = f(z)............(3)

From equations (2) and (3),

dz/dt = β.f(z) = g(z)

Thus,

z' = g(z)

Where g(z) = βf(z).

5 0
2 months ago
Barry has 17 more than two-thirds of the number of cards in his brother’s baseball card collection. If x represents the number o
zzz [12365]

Answer: The precise answer is  2/3x + 17

Step-by-step explanation:

5 0
1 month ago
Read 2 more answers
gavin is making cranberry lemonade. he wants to make a total of 6 cups. he needs to use 3 times as much lemonade as cranberry ju
Svet_ta [12734]

Answer:

3l= c

Step-by-step explanation:

This requires using 3 cups of cranberry juice, along with 1 cup of lemonade.

4 0
1 month ago
By selling a school blazer for Rs 1215, the shopkeeper earns a profit of 8%. Find
Svet_ta [12734]

Detailed explanation:

Thus,

100% plus 8% equals 108%

108% equals 1215

1% corresponds to 11.25

Therefore, 100% amounts to 1125 rs

4 0
2 months ago
Jillian walked 0.5 miles before she started jogging at an average pace of 5 miles per hour. The equation d = 0.5 + 5t can be use
lawyer [12517]

Answer: the independent variable is time (t). The dependent variable is distance (d).

Step-by-step explanation: an independent variable is defined as one whose variation is not dependent on another. In this case, time acts as the independent variable because it continues to pass irrespective of other factors. The distance is considered the dependent variable, as Jillian's distance traveled relies on the duration she spends walking and jogging.

8 0
1 month ago
Read 2 more answers
Other questions:
  • Match each type of function with a characteristic of its graph. Enter the letter of the correct characteristic next to the type
    16·2 answers
  • Eli, Freda and Geoff were given £800 to share in the ratio of their ages.
    5·1 answer
  • The table compares x, the number of minutes of television Sam watched each day, to y, the number of minutes she spent exercising
    15·2 answers
  • Find the amount paid for the loan.<br> $2400 at 10.5% for 5 years
    12·1 answer
  • A pitcher of water at 40 degrees Fahrenheit is placed into a 70 degree room. One hour later, the temperature has risen to 45 deg
    7·1 answer
  • Find the rate of change for the situation. A chef cooks 9 lbs of chicken for 36 people and 17 lbs of chicken for 68 people. 36 p
    11·1 answer
  • Caroline measured the weight of a dog that came into the veterinary clinic. She determined that her measurement had a margin of
    11·1 answer
  • Joe wants to enlarge the rectangular pumpkin patch located on his farm. The pumpkin patch is currently 40 meters wide and 60 met
    9·1 answer
  • Raphael can finish his math project in 3 hours. It takes Jai to do the same project in 4 hours. If they will work together as pa
    5·1 answer
  • Which of the following systems of nonlinear inequalities is graphed below?
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!