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The annual interest rate of Codie's savings account is 4.8%and simple interest is calculated quarterly. What is periodic interest rate of Codie's account ?

The annual interest rate of Codie's savings account is 4.8%and simple interest is calculated quarterly. What is periodic interest rate of Codie's account ?
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The annual interest rate of Codie's savings account is 4.8%and simple interest is calculated quarterly. What is periodic interest rate of Codie's account ?

asked
User Kalpit Gajera
by
7.7k points

2 Answers

4 votes

Answer:1.2%

Explanation:

answered
User Rinda
by
8.5k points
4 votes

Answer:

It’s 1.2% for Apex

Explanation:


answered
User Yaquelin
by
8.2k points
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