Question 1182408


To find interest rate per compounding period, take the annual rate as the decimal 

and divide it by the number of compounding periods in a year.



See the lesson 

&nbsp;&nbsp;&nbsp;&nbsp;- <A HREF=https://www.algebra.com/algebra/homework/percentage/lessons/Compound-interest-percentage-problem.lesson>Compounded interest percentage problems</A> 

in this site and learn the subject from there.