wormwood wormwood

25-04-2021
Mathematics

contestada

If a nine-day single payment loan has a periodic interest rate of 10.5%, what is
the approximate effective interest rate of the loan?
A. 56,356,3%
B. 5635.6%
C. 5735.6%
D. 57,356.3%

Respuesta :

liyah1477 liyah1477

25-04-2021

B . 5635.6% not for sure but I think that’s the answer

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