What is the annual rate of interest earned on a savings account that compounds monthly at a rate of 1.75%?

A.) 1.40%

B.) 1.45%

C.) 1.75%

D.) 1.76%

Option 'B' is correct.

Step-by-step explanation:

Since we have given that

Compounded monthly rate = 1.75% = 0.175

We need to find the annual rate of interest.

As we know that

Annual rate = 12 months

So, it will be divided by 12 to get the annual rates.

So, Annual rate would be

Hence, Option 'B' is correct.

the sum of the lengths of any two sides of a triangle is greater than the length of the third side. if you take the three sides of a triangle and add them in pairs, the sum is greater than (not equal to) the third side. if that is not true, then it is not possible to construct a triangle with the given side lengths.

step-by-step explanation: