3 years ago

If the interest rate is 10% a month what is the annual rate? 213.8?

Mathematics

1 answer:

Hatshy [7]3 years ago

3 0

On month -------- 10%
12 month ---------- x %
-------------------------------
x = 12*10/1 = 12*10 = 120%

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$\underline{ \underline{ \text{Given : }}}$

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