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Home Q & A Board Science-Related Homework Help Mathematics
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j22 j22
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5 months ago
Many department stores charge 2.4% per month on overdue accounts. What is the effective annual rate in this situation?

▸ 26.8%

▸ 32.9%

▸ 25.6%

▸ 31.8%

▸ 28.8%
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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bhturnerbhturner
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5 months ago
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32.9%
1

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Anonymous
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A month ago
Help! The answer is missing an explanation...
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