Register
If a nine-day single payment loan has a periodic interest rate of 10.5%, what is the approximate effective interest rate of the loan? A. 56,356,3% B. 5635.6% C. 5735.6% D. 57,356.3%
137k views
0 votes
If a nine-day single payment loan has a periodic interest rate of 10.5%, what is

the approximate effective interest rate of the loan?
A. 56,356,3%
B. 5635.6%
C. 5735.6%
D. 57,356.3%

User Atra Azami
by
7.7k points

1 Answer

5 votes
B . 5635.6% not for sure but I think that’s the answer
User Tamas Czinege
by
7.9k points
← Prev Question Next Question →

Related questions

User Coby
asked Aug 22, 2021 79.0k views
Round 5635 to the nearest ten
Coby asked Aug 22, 2021
by Coby
7.6k points
2 answers
5 votes
79.0k views
User Marlon Richert
asked Apr 1, 2022 47.7k views
Round 529.5635 to the nearest hundredth.
Marlon Richert asked Apr 1, 2022
by Marlon Richert
7.8k points
1 answer
3 votes
47.7k views
User Seanna
asked Mar 25, 2022 101k views
Sort the following numbers from least to greatest. 18.5635, 18 13/16, 18.3125
Seanna asked Mar 25, 2022
by Seanna
8.7k points
2 answers
3 votes
101k views
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
Link Copied!