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deathsindragon:
the annual interest rate of codies savings account is 4.8%, and simple interest is calculated quarterly. what is the periodic interest rate of codies account? A. 0.4% B. 2.4% C. 1.2% D. 0.8%
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justus:
Annual rate / time which will be 𝟒.𝟖%/𝟒 (because it wants you to calculate it quarterly) 4.8%/4 =
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