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21-06-2019
Mathematics

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A credit card advertises an annual interest rate of 23%. What is the equivalent monthly interest rate?

A credit card advertises an annual interest rate of 23 What is the equivalent monthly interest rate class=

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madison3395 madison3395

21-06-2019

Answer:

1.74 %

Step-by-step explanation:

the equivalent monthly interest rate of a credit card with an annual interest rate of 23% is 1.74 %.

Hope this helps!

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