Answer :
Apr = 2.5% every 6 months
Use formula
N = N1 ( 1+ 2.5/100)^ 2
APY= (1 + r/2) ^2 - 1
. = ( 1 + 2.5/2) ^2 - 1
. = (2.25)^2 - 1
. = 4.0625
Then answer is
Annual percentage yield
APY = 4.06 %
Apr = 2.5% every 6 months
Use formula
N = N1 ( 1+ 2.5/100)^ 2
APY= (1 + r/2) ^2 - 1
. = ( 1 + 2.5/2) ^2 - 1
. = (2.25)^2 - 1
. = 4.0625
Then answer is
Annual percentage yield
APY = 4.06 %