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The annual interest rate of Jacques' savings account is 3.6%, and simple interest is calculated monthly. What is the periodic interest rate of Jacques' account? A. 0.6% B. 0.9% C. 0.3% <----- Apex Answer D. 1.8%
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The annual interest rate of Jacques' savings account is 3.6%, and simple interest is calculated monthly. What is the periodic interest rate of Jacques' account?

A. 0.6%
B. 0.9%
C. 0.3% <----- Apex Answer
D. 1.8%

User Arved
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2 Answers

2 votes

Answer:0.03 is the answer


Step-by-step explanation:(Apex)


User Eventhorizon
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1 vote
divide by 12 equals 0.3
User Christian Steinmann
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6.9k points
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