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If the annual interest rate is 2.8% then the weekly rate is

If the annual interest rate is 2.8% then the weekly rate is
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4 votes
If the annual interest rate is 2.8% then the weekly rate is

User Skarmats
by
8.5k points

1 Answer

5 votes

Answer:

0.0538% (3 sf)

Explanation:

annual = 1 yr = 12 months = 52 weeks

2.8% / 52 = 0.053846153

User Chriskelly
by
8.0k points
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