Question

A customer has a savings account for one year. During the year he earns $65.50 in interest. For 180 days he has $2,000 in the account and for another 180 days he has $1,000 in the account. What is the annual percentage yield on this savings account?

A. 6.55%

B. 3.28%

C. 4.42%

D. 8.73%

E. None of the options is correct

Answer

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