Magtanong at makakuha ng maliwanag na mga sagot sa IDNStudy.com. Magtanong ng anumang bagay at makatanggap ng agarang tugon mula sa aming dedikadong komunidad ng mga eksperto.
Answer:
The periodic rate equals the annual interest rate divided by the number of periods. For example, the interest on a home loan is usually calculated monthly, so if the annual interest rate is 4 percent, then you divide that by 12 and get 0.33 percent. That's your interest every month.