Multiple Choice
A customer has a savings account for one year.During the year he earns $65.50 in interest.For 180 days he has $2,000 in the account and for another 180 days he has $1,000 in the account.What is the annual percentage yield on this savings account?
A) 6.55%
B) 3.28%
C) 4.42%
D) 8.73%
E) None of the options is correct
Correct Answer:
Verified
Correct Answer:
Verified
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