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2 years ago

6

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 accoun

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

2 answers:

SIZIF [17.4K]2 years ago

8 0

HOI!!

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

hope this helps!!!

:) :) :)

sweet [91]2 years ago

7 0

Answer: the answer is 3.5% :)

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Step-by-step explanation:

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$\therefore \frac{15}{60}\ = \frac{1}{4}\ of\ the\ first\ mix\ is\ lemon\ juice\\\frac{45}{60}\ = \frac{3}{4}\ of\ the\ first\ mix\ is\ pure\ water$

2) She removed 10 liters of the new mixture

Let us convert this amount removed into ratio:

$lemon\ juice\ = \frac{1}{4}\ \times 10 = \frac{10}{4} = \frac{5}{2}\ liters.\\ \therefore the\ owner\ removes\ \frac{5}{2}\ liters\ of\ pure\ lemon\ juice\\pure\ water\ = \frac{3}{4}\ \times 10 = \frac{30}{4} = \frac{15}{2}\ liters\\ \therefore\ the\ owner\ removes\ \frac{15}{2}\ liters\ of\ water\ from\ the\ first\ mix.$

New volumes of water and lemon juice after removing the 10 liters of mixture is calculated as follows:

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