The annual interest rate of Paul's savings account is 7.2%,and simple interest is calculated monthly. What is the periodic interest rate of Paul's account?

A. 0.9%
B. 0.6%
C. 0.4%
D. 1.8%

Question

04-03-2018
Mathematics

contestada

The annual interest rate of Paul's savings account is 7.2%,and simple interest is calculated monthly. What is the periodic interest rate of Paul's account?

A. 0.9%
B. 0.6%
C. 0.4%
D. 1.8%

Respuesta :

Otras preguntas

he geometric property of any polygon feature that is represented by the ratio of the perimeter of the polygon to the circle with the same perimeter is called

6. Explain why household measurement devices, such as teaspoons and tablespoons, should be avoided when measuring dosages?

May I know how to balance this

Which action is a part of good social hygiene? getting plenty of sleep avoiding the sun showering more often organizing a bedroom

PLEASE HELP ASAP !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! PLEASEEEEEEEEEE AND DO NOT LOOK IT UP ON ANY SOURCE THANK YOU AND ILY

Scarlett bought an ant farm with 80 ants. Frond the following week forward, the ant population tripled every week. Let g(n) be the number on ants in scarletts f

eco 203 In the __________ view, there are ample loanable funds available at the current interest rate. When G increases, no crowding out occurs, interest rates

For a chemical reaction to occur, at least one-third of the solution must be an acid. If there are five liters of acid, in interval form, how much solution is p

Which of these health record components can serve as a legal document for validating a patient’s treatment? history __exam ___medical decision making___ family

MsEHolt MsEHolt · Answer 1 · 2018-03-13T22:58:29+01:00

MsEHolt MsEHolt

13-03-2018

B) 0.6%

The periodic interest rate is found by dividing the annual interest rate by the number of times per year it is compounded.

7.5/12 = 0.625, rounded to 0.6.

Answer Link

photonicloveccc photonicloveccc · Answer 2 · 2018-03-20T20:55:56+01:00

photonicloveccc photonicloveccc

20-03-2018

hey bud the answer is 0.6

Answer Link

The annual interest rate of Paul's savings account is 7.2%,and simple interest is calculated monthly. What is the periodic interest rate of Paul's account? A. 0.9% B. 0.6% C. 0.4% D. 1.8%

Respuesta :

Otras preguntas

The annual interest rate of Paul's savings account is 7.2%,and simple interest is calculated monthly. What is the periodic interest rate of Paul's account?

A. 0.9%
B. 0.6%
C. 0.4%
D. 1.8%