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  • 7.6.3 Inverse Proportion Indirect Proportion

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    Me, Myself and I
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    Herman is opening a savings account, and wants to earn $50 in interest in his first year. He notes that his initial deposit must vary inversely with the annual percentage yield. What should his initial deposit be with an APY of 8%?

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    Herman is opening a savings account, and wants to earn $50 in interest in his first year. He notes that his initial deposit must vary inversely with the annual percentage yield. What should his initial deposit be with an APY of 8%?

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
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    36 views1 page

    7.6.3 Inverse Proportion Indirect Proportion

    Uploaded by

    Me, Myself and I
    Herman is opening a savings account, and wants to earn $50 in interest in his first year. He notes that his initial deposit must vary inversely with the annual percentage yield. What should his initial deposit be with an APY of 8%?

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Herman is opening a savings Sorry, that's not correct.

    account, and wants to earn $50 in


    You said D:
    interest in his first year. He notes
    that, to do this, his initial deposit $1250
    must vary inversely with the The correct answer is C:
    annual percentage yield (APY) on
    the account. If he needs to make an $625
    initial deposit of $1000 with an Correct answer explanation:
    APY of 5% to achieve his goal,
    what should his initial deposit be
    with an APY of 8%?

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