What is the relationship between the nominal interest rate and the annual percentage yield (APY)? A. The APY is the nominal interest rate divided by the number of years for which a loan is taken out.
B. The nominal interest rate is the APY divided by the number of years for which a loan is taken out.
C. The nominal interest rate is calculated using the APY.
D. The APY is calculated using the nominal interest rate.​

rick has $1400 and sally has $1500

step-by-step explanation:

to find amount of money rick has after 10 years :

principal = $1000 , time = 10 years , rate = 4% annually

to find amount of money sally has after 10 years :

her friend gives to pay her $50 per year, therefore money she has after 10 years = 50 × 10 = $500

also, sally gets $1000 after 10 years,

therefore, total amount of money sally has after 10 years = 500 + 1000 = $1500

so, after 10 years : rick has $1400 and sally has $1500

i saw this question before, dont know the asnwer srry

step-by-step explanation:

a orange at the grocery store idk what other product that could be