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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 :

chrishamlet14
                                                         HOI!!

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

hope this helps!!!

:) :) :)


erikajohn2012

Answer: the answer is 3.5% :)

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