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.

step-by-step explanation:

two pairs of adjacent sides are of equal length. this implies that one diagonal divides the kite into congruent triangles, and so the angles between the two pairs of equal sides are equal in measure. it also implies that the diagonals are perpendicular.