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SOLVED: The National Bank of Mayville quotes an APY of 2.75 percent on a one-year money market CD sold to one of the small businesses in town. The firm posted a balance of 2,500 for the first 90 days of the year,3,000 over the next 180 days, and 3,700 for the remainder of the year. How much in total interest earnings did this small business customer receive for the year?

SOLVED: The National Bank of Mayville quotes an APY of 2.75 percent on a one-year money market CD sold to one of the small businesses in town. The firm posted a balance of

VIDEO ANSWER: The formula will be used for this one. We'll divide by 100. We know that P is 70,000, R is 12.5%, and T is.5 because it's happier six months. The…

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