Multiple Choice
A customer makes a savings deposit for 15 days.During that time he earns $15 in interest and maintains an average daily balance of $2,200.What is the annual percentage yield on the savings account?
A) 0.68%
B) 16.36%
C) 16.59%
D) 17.98%
E) None of the options is correct
Correct Answer:
Verified
Correct Answer:
Verified
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