you need to have the original formula, the foumula with values included, the entire calculated value, and the rounded number.
asked Jul 12 in Algebra 1 Answers by anonymous

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Taking a year as 52 weeks, the weekly interest rate to be compounded is 5.75/52=0.110577%=0.00110577.

Using the formula growth (yield)=(1+r)ⁿ, where r is the rate and n the number of periods (weeks).

So the yield=1.00110577⁵²=1.05915 approx, that is, 5.92% over the year.

answered Jul 12 by Rod Top Rated User (588,900 points)

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