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OpenStudy (anonymous):
@sierraabel @saify_12 @ganeshie8 @helpme1.2 The annual interest rate of Paul's savings account is 7.2%, and simple interest is calculated monthly. What is the periodic interest rate of Paul's account? A. 1.8% B. 0.9% C. 0.4% D. 0.6%
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OpenStudy (anonymous):
@zpupster
OpenStudy (anonymous):
Its D, because you just take the interest rate which is 7.2% and divide it by 12 because there are 12 months in a year.(: P.s. your in the english section just to let yah know :P
OpenStudy (anonymous):
omg i didnt notice lol thanks
OpenStudy (anonymous):
hahah its all good! i hope i helped!
OpenStudy (anonymous):
yes you did thanks
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