Register
If the annual rate is 2.5% and there are 12 periods per year, what is the rate per period? a. 0.208%, b. 0.28%, c. 0.38%, d. 0.5% The answer: b. 0.28% is wrong
18.2k views
5 votes
If the annual rate is 2.5% and there are 12 periods per year, what is the rate per period? a. 0.208%, b. 0.28%, c. 0.38%, d. 0.5%

The answer: b. 0.28% is wrong

User Nico Gawenda
by
7.6k points

1 Answer

5 votes
A. Because 2.5/ 12 = 0.208
User Vladislav Krutskikh
by
7.5k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

8.2m questions

10.8m answers

Other Questions

Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is meant by data mining ?
What is the best way to describe a stock market?
Link Copied!