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: 700 miles.
Step-by-step explanation:
1. You know that 23% of the total distance of the flight from Albuquerque New Mexico to Austin Texas is 161 miles.
2. Then, keeping that information on mind, you can calculate the total distance of the flight (which you call
) as following:

Solve for
. Then, you obtain that the result is:

It should be the point of tangency.