Homework Answers
Monthly Accrued Interest charges for November=Annual Interest Rate/12
=18/12=1.5%.
Next, divide this amount by 100 to convert percentage to decimal.For Eg: 1% becomes 0.01.
1.5/100=0.015.
Monthly Interest charge for the month of November of Noah=0.015
that means 1.5% becomes 0.015.
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