13-10-2020
Mathematics

contestada

Rob deposits $1,000 in a savings account at New York State Bank that pays 1.4% interest, compounded monthly.
How much is in his account at the end of one year?
What is the APY for this account to the nearest hundredth of a percent?

Respuesta :

denero70 denero70

14-10-2020

Answer:

14

Step-by-step explanation:

p=$1000

rate percent=1.4%

time=one year

then

1.4/100*100=14

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