Question

what is persentage and compund intrest​

Answer 1

Answer:

A rate of 1% per month is equivalent to a simple annual interest rate (nominal rate) of 12%, but allowing for the effect of compounding, the annual equivalent compound rate is 12.68% per annum (1.0112 − 1). The interest on corporate bonds and government bonds is usually payable twice yearly.

Step-by-step explanation:

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