What is the effective monthly rate for a quarterly rate of 11.25%?

A. 2.7%
B. 2.81%
C. 3.62 %
D. 3.75%

D. 3.75%

Step-by-step explanation:

11.25/3month

3.75/month

D.

Step-by-step explanation:

First, you have to change the rate to compound annually. To do that, multiply 11.25 percent by 4, because there are 4 groups of 3 months. You have now changed it to compounded yearly. Then take that percentage and divide it by 12 since there are 12 months. Then you get, 3.75 percent. Hope this helps!

the answer would be 1 1/72

step-by-step explanation:

you can rewrite the equation by separating the parts and then solving individually:

10-9=1

1/8 - 1/9=

find l c d and then combine:

1 1/72