Answer:
Step-by-step explanation:
Given
Required
Solve for C
Subtract 32 from both sides
Divide both sides by 1.8
Express the decimal as fraction
Simplify
5.21 as a decimal rounded
2 answers:
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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 = %