In the interest formula, the interest rate is on a(n) basis; therefore, the time variable must reflect how many out of in the interest period.
A) biannual, months, 6
B) annual, years, 1
C) biannual, half-years, 2
D) annual, months, 12

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The Answer of In the interest formula, the interest rate is on a(n) basis; therefore, the time variable must reflect how many out of in the interest period.
A) biannual, months, 6
B) annual, years, 1
C) biannual, half-years, 2
D) annual, months, 12

In the Interest Formula, the Interest Rate Is on A(n)