Question

if the APY of a savings account is 2.6%, and if the principle in the savings account were $2400 for an entire year, what will be the balance of the savings account after all the interest is paid for the year?

Answer 1

options are a: $2406.24, b: $2462.40, c: $2400, and d: $2600

Answer 2

$2462.40

Answer 3

um theres another that im also going to put on the same post

Answer 4

alr

Answer 5

the APR of estells savings account is 4.5%, but interest is compounded only once a year. what is the APY of estells savings account?

Answer 6

options are a: 1%, b: 4.5%, c: greater than 4.5%, and d: greater than 1% but less than 4.5%

Answer 7

b

Answer 8

okay how much more will $34,000 earn in interest than $18,000 if both are invested in savings accounts with APYs of 5.6% for a year?

Answer 9

options are a: $1904, b: $2912, c: $1008, and d: $896

Answer 10

d

Answer 11

okay, heres another

Answer 12

if the APR of a savings account is 7.2% and interest is compounded monthly, what is the approximate APY of the account?

Answer 13

a: 6%, b: 10.74%, c: 7.44%, and d: 1.07%

Answer 14

b

Answer 15

how much more will $22,000 earn in interest than $14,000 if both are invested in savings accounts with APYs of 5.4 % for a year?

Answer 16

a: $1944, b: $432, c: $756, and d: $1188

Answer 17

b

Answer 18

lloyd deposited 14300 into a savings account, and he didnt make any deposits or withdrawels for a year. if, after interest was paid for the year, lloyds new balance was $14,880.58, what was the APY of the savings account

Answer 19

for what this one was

Answer 20

forgot what this one was

Answer 21

a: 0.41%, b: 4.06%, c: 9.61%, and d: 0.96%

Answer 22

b

Answer 23

Thanks for all your help, I appreciate it

Answer 24

your welcomeee !! x

Answer 25

talk to you again soon, as well with some more questions

Answer 26

lol alr !!

Answer 27

alr

Answer 28

bye for now

Answer 29

byeee