silvialiang116 silvialiang116

14-09-2019
Mathematics

contestada

A pawnshop with a monthly interest rate of 3.15 percent would have an annual interest rate of percent. (Round your answer to 2 decimal places.) Multiple Choice 3.15 31.50 3780 18.90 6.30

Respuesta :

musiclover10045 musiclover10045

14-09-2019

Annual is 1 year.

1 year has 12 months.

Multiply the monthly rate by 12:

3.15 x 12 = 37.80%

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