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:(0,6)
Step-by-step explanation:
go to the left 3 points from T
then you go up 2 points from the number 4 which you should end up on after going over 3 spots.
The problem is an arithmetic sequence with:
a₁ = 206,300
an = 208,400
n = 2013 - 2000
n = 13
To find the annual increase, use this following formula
an = a₁ + d(n - 1)
d represents the annual increase
Input the numbers
an = a₁ + d(n - 1)
289,400 = 206,300 + d(13 - 1)
289,400 = 206,300 + 12d
289,400 - 206,300 = 13d
83,100 = 12d
12d = 83,100
d = 83,100/12
d = 6,925
The annual increase is $6925
60/125 so that can be simplified in 12/25, so the percentage is 0.48%
