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Earn +20 ptsQ: What best describes the interest rate effect?
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Prime rate?
interest rate banks charge their best customers
What is the formula to calculate monthly interest rate if the annual interest rate is known?
Annual Interest Rate divided by 12= Monthly Interest Rate
What is the Formula for simple interest rate?
The answer for rate in simple interest is =rate= simple interest\principle*time
What best describes a system of equations that has no solution?
a vetical line has an undifined rate of change
What is the corresponding componding?
Corresponding compounding is the interest rate on loan or the financial product restated from nominal interest rate as an interest rate with an annual compound interest.
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