Computer Science, asked by onkarwagh356, 3 months ago

--returns the interest rate
per period.​

Answers

Answered by Anonymous
11

Answer:

The nominal interest rate, also known as an Annualised Percentage Rate or APR, is the periodic interest rate multiplied by the number of periods per year. For example, a nominal annual interest rate of 12% based on monthly compounding means a 1% interest rate per month (compounded).

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