raphaelmiles raphaelmiles

07-02-2017
Mathematics

Answered

A credit card advertises an annual interest rate of 23%.

What is the equivalent monthly interest rate?

Verified Answer :

07-02-2017

I think we just divide by 12.
23%/12 = 1.92%

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esmeraldaortiz esmeraldaortiz

07-02-2017

the answer its 1.92%

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