Mathematics, 12.09.2019 00:30, RanaA5515

Joel takes out a loan with a stated rate of 11.85% interest. if the interest is calculated weekly, how much greater is joel’s effective rate than his stated rate?
a.
0.72 percentage points
b.
0.52 percentage points
c.
0.70 percentage points
d.
0.67 percentage points

Answers: 3

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Joel takes out a loan with a stated rate of 11.85% interest. if the interest is calculated weekly, h...