Find the daily rate if the annual interest rate is 12%. . a. 0.0003287671 • b. 0.03287671 . C. 0.23076923 . d. 0.00230769

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asked Sep 3, 2021 89.6k views

5 votes

Find the daily rate if the annual interest rate is 12%.

.
a. 0.0003287671
• b. 0.03287671
.
C. 0.23076923
.
d. 0.00230769

Mathematics
college

Eslam Soliman asked

by Eslam Soliman

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2 Answers

4 votes

Answer:

Periodic Interest Rate (P)

(rate per compounding period)

0.03288%

Answer is B

Explanation:

Panza answered Sep 5, 2021

by Panza

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4 votes

Answer:

B.) 0.03288%

Explanation:

I hope this helps you :)

Avinash Bhawnani answered Sep 9, 2021

by Avinash Bhawnani

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