Question

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

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

Answer 1

Periodic Interest Rate (P)

(rate per compounding period)

0.03288%

Answer is B

Explanation:

Answer 2

B.) 0.03288%

Explanation:

I hope this helps you :)