Complete the Table.
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 = %
Answer:
Step-by-step explanation:
1. You have the following information given in the problem above:
- y represents total earnings in dollars .
- x represents hours worked.
2. Keeping on mind that the expression must model the wages of someone who makes $11.50 in an hour, this amount of money per hour must multiply the hours worked, which is represented by x.
3. Therefore, you can write the following equation: