cjohnson1128 cjohnson1128

24-01-2018
Mathematics

contestada

the annual interest rate of Jacques' savings account is 3.6%, and simple interest is calculated monthly. What is the periodic interest rate of Jacques' account?

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altavistard altavistard

24-01-2018

3.6% per year works out to (3.6/12)% per month, or 0.3% per month.

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brownkatelynnicole02 brownkatelynnicole02

06-11-2019

Answer:

0.03% on Apex

Step-by-step explanation:

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