Mathematics, 01.11.2019 17:31 ghernadez

The annual interest rate of daphne's savings account is 2.4% and simple interest is calculated semiannually. what is the periodic interest rate of daphne's account?
a. 0.4%
b. 0.2%
c. 0.6%
d. 1.2%

Answers: 2

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The annual interest rate of daphne's savings account is 2.4% and simple interest is calculated semiannually. what is the periodic interest rate of daphne's account? a. 0.4% b. 0.2% c. 0.6% d. 1.2%

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The annual interest rate of daphne's savings account is 2.4% and simple interest is calculated semiannually. what is the periodic interest rate of daphne's account?
a. 0.4%
b. 0.2%
c. 0.6%
d. 1.2%