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Your bank pays interest monthly and provides an effective annual rate of 12%. What is the monthly interest rate that you earn? Enter the interest

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Your bank pays interest monthly and provides an effective annual rate of 12%. What is the monthly interest rate that you earn? Enter the interest rate as a percentage rounded to the nearest hundredth, for example, 6.15%. Your bank pays interest monthly and quotes an annual percentage rate of 12%. What is the effective annual rate that your bank pays? Enter the interest rate as a percentage rounded to the nearest hundredth, for example, 6.15%. Your bank pays interest monthly and quotes an annual percentage rate of 12%. What is the monthly interest rate that you earn? Enter the interest rate as a percentage rounded to the nearest hundredth, for example, 6.15%

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