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:
D (0, 2)
General Formulas and Concepts:
<u>Algebra I</u>
The y-intercept is the y value when x = 0. Another way to reword that is when the graph crosses the y-axis.
Slope-Intercept Form: y = mx + b
- m - slope
- b - y-intercept
Step-by-step explanation:
<u>Step 1: Define</u>
y = 3/4x + 2
<u>Step 2: Break Function</u>
<em>Identify Parts</em>
Slope <em>m</em> = 3/4
y-intercept <em>b</em> = 2
To get the answer you would subtract 11% from 100%, getting the answer 89%.
The answer -35.5 Hope this helps you