billybobbeau billybobbeau
  • 26-02-2021
  • Mathematics
contestada

If the annual interest rate is 12%, what is the monthly interest rate?

If the annual interest rate is 12 what is the monthly interest rate class=

Respuesta :

jameskilduff96
jameskilduff96 jameskilduff96
  • 26-02-2021

Answer:

1%

Step-by-step explanation:

since there are 12 months in a year, 12 divided by 12 = 1   therefore it's 1% per month

Answer Link

Otras preguntas

12 inches to 36 inches is?
How should your writing differ if you were writing to a team of professional versus patients
50 pounds to 35 pounds percent change
percent of increase property 24 songs to 78 songs
With the exception of gametes, all new somatic cells in all multicellular organisms are formed through the process of mitosis. What must occur with the DNA in t
Test worth 50 points; test score of 78%?
5+4D =37 HELP ME PLEASE
Which of the following is not equivalent to 3,600 milliliters?
What is one difference between Chinese schools and American schools, according to Maxine Hong Kingston?
Physical and chemical properties of a piece of cooked chicken and a glass of kool-aid