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2 years ago

6

The annual interest rate of Daphne's savings account is 2.4% and simple interest is calculated semiannually. What is the periodi

c interest rate of Daphne's account?
A. 0.4%
B. 0.2%
C. 0.6%
D. 1.2%

1 answer:

alexdok [17]2 years ago

4 0

The interest rate is calculated semiannually which means twice a year so you do 2.4/2 which equals 1.2 so the answer is D

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