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3 years ago

6

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

terest rate of Jacques' account?
A. 0.6%
B. 0.9%
C. 0.3% <----- Apex Answer
D. 1.8%

2 answers:

kifflom [539]3 years ago

3 0

Divide by 12 equals 0.3

ryzh [129]3 years ago

3 0

Answer:0.03 is the answer

Step-by-step explanation:(Apex)

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