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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
2 answers:
sweet-ann [11.9K]3 years ago
8 0

Answer:

0.03% on Apex

Step-by-step explanation:

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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