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:
Step-by-step explanation:
<u><em>The complete question is</em></u>
A chef bought $17.01 worth of ribs and chicken. Ribs cost 1.89 per pound and chicken costs 0.90 per pound. The equation 0.90 +1.89r = 17.01 represents the relationship between the quantities in this situation.
Show that each of the following equations is equivalent to 0.9c + 1.89r = 17.01.
Then, explain when it might be helpful to write the equation in these forms.
a. c=18.9-2.1r. b. r= -10÷2c+9
we have that
The linear equation in standard form is
where
c is the pounds of chicken
r is the pounds of ribs
step 1
Solve the equation for c
That means ----> isolate the variable c
Subtract 1.89r both sides
Divide by 0.90 both sides
Simplify
step 2
Solve the equation for r
That means ----> isolate the variable r
Subtract 0.90c both sides
Divide by 1.89 both sides
Simplify
therefore
The equation is equivalent
The equation is helpful, because if I want to know the number of pounds of chicken, I just need to substitute the number of pounds of ribs in the equation to get the result.