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MMLU-Pro / 8642 / Find the effective annual yield of a bank account that pays interest at a rate…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

Find the effective annual yield of a bank account that pays interest at a rate of 7%, compounded daily; that is, divide the difference between the final and initial balances by the initial balance.

category

math

options

  1. 7.18 %
  2. 7.12 %
  3. 7.50 %
  4. 7.60 %
  5. 6.95 %
  6. 7.25 %
  7. 7.30 %
  8. 6.90 %
  9. 7.00 %
  10. 6.85 %

src

scibench-diff

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Source and history

Official source

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