SOLUTION: If the annual interest rate on a credit card statement is 2.6%, what is the weekly interest rate? Round your solution to two decimal places.

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Question 889024: If the annual interest rate on a credit card statement is 2.6%, what is the weekly interest rate? Round your solution to two decimal places.
Answer by jim_thompson5910(35256) About Me  (Show Source):
You can put this solution on YOUR website!
52 weeks = 1 year



The weekly interest rate is 0.05%