Answer:
0.72%
Step-by-step explanation:
Finding what percentage is $30 of $500:
30/500 x 100 = 6
So, it is 5% per month.
Converting it to annual:
6% x 12 = 0.72%
Yes it can, it has to be a fraction
Good luck i hope you do good grade in whatever u need it for
Okay act like 6:8 is 6/8 you could either simplify the fraction or multiply to make it bigger
3:4 (divide by 2)
12:16 (multiply by 2)
18:24 (multiply by 3)
24:32 (multiply by 4)