Asked by Mal
How much will a savings account earn after the first quarter if $800 is deposited with a 5.00% APY?
Answers
Answered by
oobleck
If the interest is credited annually, then nothing.
If it is paid quarterly, then 800 * 0.05/4 = ____
If it is paid quarterly, then 800 * 0.05/4 = ____
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