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5 votes
Matilda deposited $16,100 into a savings account, and she didn't make any

deposits or withdrawals for a year. If, after interest was paid for the year,
Matilda's new balance was $16,731.12, what was the APY of the savings
account?
A. 0.96%
OB. 0.39%
C. 9.62%
O
D. 3.92%

User Aracely
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1 Answer

5 votes

Answer:

The APY would be D, 3.92%

Explanation:

Attached Image

Matilda deposited $16,100 into a savings account, and she didn't make any deposits-example-1
User Marin
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