The annual interest rate of Marcella's savings account is 7.2%, and simple interest is calculated semi-annually. What is the periodic interest rate of Marcella's account?
A. 0.8%
B. 1.2%
C. 3.6%
D. 0.4%
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Home » Business » The annual interest rate of Marcella's savings account is 7.2%, and simple interest is calculated semi-annually. What is the periodic interest rate of Marcella's account? A. 0.8% B. 1.2% C. 3.6% D. 0.4%