I will give brainiest to whoever answers correctly !!

Therefore, the effective annual yield for $1 invested for 1 year at 2.4% compounded monthly is 1.0243 - 1 = 0.0243 = 2.43% 2.6% and so the bank statement is incorrect.

Step-by-step explanation:

Data:

= 1

r = 2.4% = 0.024

n = 12

t = 1

General equation of amount that is compounded monthly:

= +

Substitute values:

=

Evaluate:

they are simplified

step-by-step explanation:

δabc ≅ δdcb by sas because

db ≅ ac . . given (side)

bc ≅ bc . . reflexive property (side)

∠dbc ≅ ∠ acb . . alternate interior angles where transversal bc crosses parallel lines bd and ac (included angle)