Calculate a weekly interest rate if the annual interest rate is 10.0%. Assume 52 weeks a...

Question

Question

Calculate a weekly interest rate if the annual interest rate is 10.0%. Assume 52 weeks a year.

Answer 1

Answer #1

Weekly interest rate will be as below

=10.0%/52

=0.1923%

the above will be the answer..

Answer 2

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