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The annual interest rate of Marcella's savings account is 7.2%, and simple interest is calculated semi-annually. What is the periodic interest rate of Marcella's accou…

The annual interest rate of Marcella's savings account is 7.2%, and simple interest is calculated semi-annually. What is the periodic interest rate of Marcella's accou…
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The annual interest rate of Marcella's savings account is 7.2%, and simple interest is calculated semi-annually. What is the periodic interest rate of Marcella's account?

A. 0.8%
B. 1.2%
C. 3.6%
D. 0.4%

User Jan Kukacka
by
8.8k points

1 Answer

2 votes

3.6% ...................

User Dana The Sane
by
7.8k points
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