What does the number 0.06 represent in the given equation: .
A) annual interest rate
B) interest
C) future value
D) time
E) principal

Name: What does the number 0.06 represent in the given equation: . A) annual interest rate B) interest C) future value D) time E) principal
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Question

What does the number 0.06 represent in the given equation:  . ​
A) annual interest rate 
B) interest 
C) future value 
D) time 
E) principal

Quizplus · Accepted Answer

The number 0.06 represents the annual interest rate, as it is commonly expressed as a decimal.

What Does the Number 0