(1) answer for this question is 6/51 to 1
(2)the answer for this question is (d)58.50
Answer:
No, equivalent quarterly rate will be approx 1.75%
Step-by-step explanation:
Given that Chan deposited money into his retirement account that is compounded annually at an interest rate of 7%.
We know that there are 4 quarters in 1 year.
So to find that equivalent quarterly we will divide given yearly rate by number of quarters.
That means divide 7% by 4.
which gives 1.75%.
But that is different than Chan's though of 2% quarterly interest.
Hence Chan is wrong.
The answer is B 2,142.72 because when you add it all up then multiply by 12 it will equal that.
For a question like this, all you have to do is remember that a percentage is simply a fraction expressed as a decimal. So, all we have to do is:

, and then multiply our decimal answer by 100 to get the percentage:

= 0.34
0.34 x 100 = 34
Therefore 34% of the students walk to school.
I hope this helped and remember to please try and understand the maths that got the answer, not just writing the answer down :))