Respuesta :
The correct option will be: d. 0.4%
For finding the periodic interest rate , we need to divide the annual interest rate by the number of times interest calculated in a year.
Here, the simple interest is calculated monthly, that means the number of times interest calculated in a year will be 12.
Annual interest rate is 4.8%
So, the periodic interest rate = [tex] \frac{4.8}{12}= 0.4 [/tex]%
Answer:
The correct option will be: d. 0.4% Apex
Step-by-step explanation:
