Question

The annual interest rate of Jacques' savings account is 3.6%, and simple interest is calculated monthly. What is the periodic interest rate of Jacques' account?

A. 0.6%
B. 0.9%
C. 0.3% <----- Apex Answer
D. 1.8%

Answer 1

divide by 12 equals 0.3

Answer 2

Answer:0.03 is the answer

Step-by-step explanation:(Apex)