Answer:
The equivalent percentage point drop = 10%
Step-by-step explanation:
The percentage point change is the difference between the final and initial values.
The percentage change is the difference between the final and initial values
divided by the initial value
It is required to decrease the dropout rate from 30% to 20%
The point change = 20 - 30 = -10 (-ve change ⇒ decrease)
The percentage change =
%
So, the equivalent percentage point drop = <u>10%</u>
And the percentage change = <u>33.33%</u>
Answer:
A
A
Step-by-step explanation:
The additional interest Benson pay each month is $750 if he invested at the rate of 2% for one year, option (b) is correct.
<h3>What is simple interest?</h3>
It is defined as the interest on the based on the principal amount, it does not include the compounded amount. The interest calculate on the initial amount or borrowed amount.
We know the formula for the simple interest is given by:
I = PRT
Where I is the simple interest.
P is the principal amount
R is the rate of interest
We have in the question:
I = $180
R = 2% = 0.02
T = 1 year
Put the above values in the formula, we get:
180 = P(0.02)(1)
P = $9000
The additional interest Benson pay each month is:
= 9000/12
= $750
Thus, the additional interest Benson pay each month is $750 if he invested at the rate of 2% for one year option (b) is correct.
Learn more about the simple interest here:
brainly.com/question/22621039
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