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Business, 03.02.2022 14:00 ayoismeisjjjjuan

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 Please select the best answer from the choices provided A B C D.

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Joel takes out a loan with a stated rate of 11. 85% interest. If the interest is calculated weekly,...
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