The annual interest rate of Mike's savings account is 4.8%, and simple interest is calculated monthly. What is the periodic inte
2 answers:
The correct option will be: d. 0.4%
For finding the periodic interest rate , we need to divide the annual interest rate by the number of times interest calculated in a year.
Here, the simple interest is calculated monthly, that means the number of times interest calculated in a year will be 12.
Annual interest rate is 4.8%
So, the periodic interest rate = %
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Answer:
B
Step-by-step explanation:
using the tangent ratio on the triangle on the right and the exact value
tan60° = , then letting the altitude be h
tan60° = =
=
( multiply both sides by h )
11 = h ×
( divide both sides by
)
11 = h
using the sine ratio in the triangle on the left and the exact value
sin45° = , then
sin45° = =
=
=
( cross- multiply )
× x = 22
( divide both sides by
)
x = 22