Suppose that a savings account pays an effective rate of interest of 10.2 percent. What is the equivalent annual compound interest rate if interest is compounded semi-annually? Answer= percent.

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 16E
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the answer is not 10% PLEASE HELP GIVE ME ALL THE DECIMALS PLEASE IM BEGGING YOUUU. 

Suppose that a savings account pays an effective rate of interest of 10.2 percent. What is the equivalent annual compound interest rate if interest is
compounded semi-annually?
Answer=
percent.
Transcribed Image Text:Suppose that a savings account pays an effective rate of interest of 10.2 percent. What is the equivalent annual compound interest rate if interest is compounded semi-annually? Answer= percent.
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