barbara deposits $3,000 in a one year cd at 4.1% interest, compounded

daily. what is the apy to the nearest hundredth of a percent?

4.184%

Step-by-step explanation:

Barbara deposits $3000 in a one year CD account at 4.1% interest per year i.e. %  =0.01123% per day, compounded daily.

So, after one year the sum will become

= $3.125.52

Hence, total interest that he gets = $( 3125.516 - 3000) = $125.516.

Therefore, the APY that he get per year = = 4.184% (rounded to the nearest hundredth of the percent)

(Answer)

answer: h

step-by-step explanation:

step-by-step explanation:

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