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xeze
[42]
3 years ago
7
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?
Mathematics
Answer
Comment
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2
answers:
sweet-ann
[11.9K]
3 years ago
8
0
Answer:
0.03% on Apex
Step-by-step explanation:
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scoray
[572]
3 years ago
7
0
3.6% per year works out to (3.6/12)% per month, or 0.3% per month.
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