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Sophie [7]
3 years ago
6

When calculating compound interest, the periodic interest rate is always less than the annual interest rate. True or false

Mathematics
1 answer:
uranmaximum [27]3 years ago
6 0

Answer: False


Step-by-step explanation: If your Compounding interest, the periodic interest is Sometimes less than the annual interest because the period of interest could be say 2 years

Hope this helps ☺  


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