December
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Oh, dude, one month is like one-twelfth of a year. So, if you're into fractions, that's 1/12. But like, who even uses fractions in real life, right? Just know that one month is a tiny slice of the pie when it comes to a whole year.
There are 12 months in a year, so 1 month is 1/12th of a year. This can be simplified to 1/12. In decimal form, 1 month is approximately 0.0833 years, as 1 divided by 12 equals 0.0833 when rounded to four decimal places.
On monthly compounding, the monthly rate is one twelfth of the annual rate. Example if it is 6% annual, compounded monthly, that is 0.5% per month.
it is twelfth
2000 a month is 24000 a year.