Answer:
1) 1/4
2) 1 1/2
3) 9/5
4) 4 pounds
Step-by-step explanation:
Answer:
<u>If the amount is P, with the interest rate of 12%, the interest over the year is:</u>
<u>In this case the quarterly interest rate is:</u>
<u>With the same amount and 3% quarterly rate, the yearly interest would be:</u>
<u>The quarterly interest rate in this case is:</u>
If the quarterly interest rate is r, it should be little less than 3% to yield a 12% yearly rate.
So Kraig is wrong.
The correct answer is 10/15, simplified to 2/3.
You would need half a cup of milk. hope I helped.
