Mathematics: Calvin deposited 12,600 into a savings account, and he didn t make any deposits or withdrawls for the year. if after interest was paid for the year, calvins new balance was $13,246, what was the apy of the savings account?

Calvin deposited 12,600 into a savings account,

Ответ:

andrwisawesome0

14.01.2022

Hi there:)

A=p (1+rt)
A future value 13246
P principle 12600
t time 1 year
R interest rate ?
To solve for r
R= (( A/p)-1)/t
R=(13,246÷12,600)−1
R=0.0513×100=5.13%

Hope it helps

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Ответ:

vliu732

11.02.2021

Mathematics

A(t) = 100t^2 + 500t + 625

3,025 square pixels

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Calvin deposited 12,600 into a savings account, and he didn't make any deposits or withdrawls for the year. if after interest was paid for the year, calvins new balance was $13,246, what was the apy of the savings account?

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