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15 August, 02:49

If the APR of a saving account is 4.8% and interest is compounded monthly what is the approximately APY of the account?

A. 10.49%

B. 4%

C. 1.05%

D. 4.91%

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Answers (2)
  1. 15 August, 03:16
    0
    The answer is 10.49%
  2. 15 August, 04:16
    0
    If the APR of a saving account is 4.8% compunded monthly then The answer is 4.91%
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