Therefore, option B offers 3.162% the greatest APY as contrasted to the other options.

You are watching: The savings account offering which of these aprs and compounding periods offers the best apy?

C. 4.0730% compounded daily

Step-by-step explanation:

i simply took the apex quiz the 3.1172%

just took the apex quiz that is C. 2.0365

Option C is correct.

Step-by-step explanation:

The formula is = r = price of interest

n = number of times the compounded

1. 4.0784% compounded monthly

here n = 12 = 1.0403-1 = 0.0403

2. 4.0798% compounded semiannually

here n = 2 = 1.0066-1 = 0.0066

3. 4.0730% compounded daily

here n = 365 = 3.328-1 = 2.328

The prize is "Option C"

Step-by-step explanation:

The making use of formula →r = rate

→ n = compounded value

In an option a:

When compounded is monthly   In choice b:

When compounded is quarterly  In an option c:

Whenn compounded is day-to-day  In choice d:

When compounded is semiannually  A) b) c) d) C) 2.0365% compounded daily ~ Apex i expect this help i retained looking in ~ differents however none of lock were best so ns guessed and got it appropriate on apex great luck ^-^
The answer in brief is B. 3.1172% compounded monthly.

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