Answer:
14.74%
Step-by-step explanation:
The formula for ANNUAL PERCENTAGE YIELD (APY) for an account that is COMPOUNDED CONTINUOUSLY is given as
APY = Pe^rt - 1
Where P = Principal
e = exponential
r = rate
t = time
Since Principal and Time was not given in the question,
APY = e^r - 1
r = 13.75% = 0.1375
APY = e^0.1375 - 1
APY = 1.147401706 - 1
APY = 0.147401706
Converting to percentage
= 0.147401706 × 100
= 14.7401706%
Approximately to 2 decimal places: 14.74%
Therefore, the annual percentage yield is 14.74%
