Math, asked by tamannasuman182, 6 hours ago

Wen Jing received an excellent interest rate for her car loan of $11,000. Calculate the nominal interest rate and periodic
interest rate of her loan if it accumulated to $11,170 in five months and interest was compounded quarterly.
37%
b. 0.92%
3.70%

Answers

Answered by 67277

1

Wen Jing received an excellent interest rate for her car loan of $11,000. Calculate the nominal interest rate and periodic

interest rate of her loan if it accumulated to $11,170 in five months and interest was compounded quarterly.

37%

b. 0.92%

3.70%

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