Joel takes out a loan with a stated rate of 11.85% interest. if the interest is calculated weekly, how much greater is joel’s effective rate than his stated rate?
a. 0.72 percentage points
b. 0.52 percentage points
c. 0.70 percentage points
d. 0.67 percentage points

Its A

Explanation:

I just took the test on Edu 2020 the other one is wrong

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i hope this i spelt things wrong i believe but this is why

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