Question 3 of 25 The annual interest rate of Chuck's savings account is 4.8%, and simple interest is calculated monthly. What is the periodic interest rate of Chuck's account? A. 0.8% OB. 0.4% C. 1.2%

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asked May 8, 2022 153k views

15 votes

Question 3 of 25

The annual interest rate of Chuck's savings account is 4.8%, and simple
interest is calculated monthly. What is the periodic interest rate of Chuck's
account?
A. 0.8%
OB. 0.4%
C. 1.2%
o
D. 2.4%
SUBMIT

Mathematics
college

Jeffre asked

by Jeffre

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1 Answer

10 votes

Answer:

A 0.4 %

Explanation:

I just took the test

Sirtao answered May 13, 2022

by Sirtao

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