A $400 savings account that earns $15 interest in a year has a yield of ____________ percent.

Name: A $400 savings account that earns $15 interest in a year has a yield of ____________ percent.
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Question

Quizplus · Accepted Answer

Yield is the percentage return on an investment. To calculate the yield, divide the interest earned by the initial investment and multiply by 100%. 
In this case, the interest earned is $15 and the initial investment is $400. 
Yield = (15/400) x 100% = 3.75% 
Therefore, the answer is D) 3.75.

A $400 Savings Account That Earns $15 Interest in a Year