raphaelmiles raphaelmiles
  • 07-02-2017
  • Mathematics
contestada

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

What is the equivalent monthly interest rate?

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Iznos
Iznos Iznos
  • 07-02-2017
I think we just divide by 12. 
23%/12 = 1.92%
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esmeraldaortiz
esmeraldaortiz esmeraldaortiz
  • 07-02-2017
the answer its 1.92%
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