The correct option will be: d. 0.4%
For finding the periodic interest rate , we need to divide the annual interest rate by the number of times interest calculated in a year.
Here, the simple interest is calculated monthly, that means the number of times interest calculated in a year will be 12.
Annual interest rate is 4.8%
So, the periodic interest rate =
%
Answer:
D) 4 1/2
Step-by-step explanation:
Hope that helps :)
Answer:
32
Step-by-step explanation:
Answer:
I got 0.3428571429
Step-by-step explanation:
I got it by inputting (2/5)*(6/7) into my calculator, but if you need more let me know