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 =
%
A+8/3 = 2/3
Or, (3a+8)/3 = 2/3 [taking LCM]
Or, 3a+8 = 2 [3 in both denominators are cancelled]
Or, 3a = 2-8
Or, a = -6/3
.•. a = -2,,
Root of ( 20^2 - 16^2 ) = 12
Answer:
use formaul
Step-by-step explanation:
Amber could have used cross multiplication.
Have a great day!!!!