asked 76.8k views
1 vote
Find the annual percentage yield of a bank account that pays 5.3% interest compounded monthly. Round the percent to the nearest tenth.

asked
User Gili
by
8.1k points

1 Answer

1 vote
It would be 5.3% of a number given. But since there isn't, you would have to use X.
answered
User Gruuuvy
by
7.5k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.