Math, asked by jelaidelacruz2003, 1 month ago

SOLVE AND SHOW THE PROCESS



1. What is the monthly interest rate if an annual rate is 13.8%?​

Answers

Answered by Anonymous
1

Answer:

1.12%

Step-by-step explanation:

Annual Interest rate = 13.8%

Number of months = 12

Monthly Interest rate = 13.8/12

Answer = 1.12%

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