It would be, 33%.
Hope this helps!
20% because 75 is the total price and 75 over 15 is 5 and 100 divided by 5 is 20
The answer to this question would be <span>B. Mystic
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Since the rate should be constant, option C and D wouldn't be true.</span>
If the Four Rivers bank gives 12% per year and Mystic Bank gives 14% per year, it will be 3% per quarter year for Four Rivers Bank and 7% semiannually for Mystic Bank.
The total rate would become:
Four rivers 103%^4= 1.125
Mystic : 107%^2= 1.145
