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 = %
Answer:
H
Step-by-step explanation:
Out of all of the answers provided, H seems like the equation that makes the most sense.
Make sure you divide 300 sticks by 60 sticks (box max) to get the number of boxes.
So, Mr. Hanson would need to have 5 more boxes in order to get the total amount of 480 sticks.
From that, H would be considered the best equation that Mr. Hanson would use.