question 9 of 20\nwhich method is used to calculate annual percentage yield (apy)?\na. multiply the initial…

question 9 of 20\nwhich method is used to calculate annual percentage yield (apy)?\na. multiply the initial deposit by the nominal interest rate.\nb. multiply the amount in the account by the initial deposit.\nc. multiply the nominal interest rate by the interest earned.\nd. multiply the amount in the account by the nominal interest rate.

question 9 of 20\nwhich method is used to calculate annual percentage yield (apy)?\na. multiply the initial deposit by the nominal interest rate.\nb. multiply the amount in the account by the initial deposit.\nc. multiply the nominal interest rate by the interest earned.\nd. multiply the amount in the account by the nominal interest rate.

Answer

Brief Explanations:

The annual percentage yield (APY) is not calculated by any of the options given. APY formula is $(1 + \frac{r}{n})^{n}-1$ where $r$ is the annual - interest rate and $n$ is the number of compounding periods per year. But among the given options, none are correct. However, if we consider simple - interest concepts wrongly applied here, none of these operations are for APY calculation.

Answer:

None of the above options are correct for calculating APY.