Suppose that your saving account earns interest at an APR of 1.6%, compounded daily. Determine the annual percentage yield (APY) of your saving account.

can someone answer this question plz

step-by-step explanation:

341

step-by-step explanation:

all you have to do is 9x31 (which equals 279) and then 20x31 (which equals 620). then you have to subtract. 620-279=341.

no he doesnt because "-16' is negatiive

step-by-step explanation:

, and

for

step-by-step explanation:

we can analyze the pattern at which the terms increase. let us denote , , , so that we can call

note the following:

the pattern: to get the next term value, we just add the next term number (e.g. 1st, 2nd, to the previous term value (term values are the given numbers in the question, 1, 3, 6, 10, 15,

from , to get to , we add

from , to get to , we add

etc.

we need to form a recursive formula, a formula that has the next term as a function of the previous term. so a possible recursive formula can be

, and for