Question

The APR of Vinny’s saving account is 3.5% but interest is compounded only once a year. what is the APY of Vinny’s savings account?

A. Greater than 1% but less than 3.5%
B. 3.5%
C. 1%
D. Greater than 3.5%

Answer 1

It was 3.5%

Explanation:

Answer 2

HOI!!

ok 3.5 apr is equivelent to 2.5 so your answer would be A

hope this helps!!!

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