The simple interest rate which is equal to a discount rate of 12% per year for a period of 18 months is [1] 10,34%. [2] 0,12%. [3] 12,00%. [4] 14,63%.

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
ChapterP: Prologue: Calculator Arithmetic
Section: Chapter Questions
Problem 2TU: If the annual percentage rate is 8% and the interest is compounded monthly, what is the amount owed...
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The simple interest rate which is equal to a discount rate of 12% per year for a period of 18 months is
[1] 10,34%.
[2] 0,12%.
[3] 12,00%.
[4] 14,63%.
[5] none of the above.
Transcribed Image Text:The simple interest rate which is equal to a discount rate of 12% per year for a period of 18 months is [1] 10,34%. [2] 0,12%. [3] 12,00%. [4] 14,63%. [5] none of the above.
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