Chapter 6: Q33. (page 279)

Write the equivalent rate.
$\frac{$ 33, 000}{1year} = \frac{? dollars}{1 month}$

Short Answer

Expert verified

The equivalent rate of $\frac{$ 33, 000}{1year}$ is $2750 per month.

Step by step solution

Step 1 . Given

The given rate is $\frac{$ 33, 000}{1year}$ .

Step 2 .To determine

We have to determine the equivalent rate in dollars per month.

. Calculation

In order to find an equivalent rate, we will convert from dollars per year to dollars per month.

For that, we multiply the rate by a conversion factor.

We know that 12 months = 1 years, it means. $\frac{1year}{12months} = 1$

$\begin{array}{l} \frac{$ 33, 000}{1year} \\ \Rightarrow \frac{$ 33, 000}{1year} \times \frac{1year}{12months} [Multiplyratebycommonconversionfactor] \\ \Rightarrow \frac{$ \overset{2750}{33, 000}}{1 year} \times \frac{1 year}{\underset{1}{12} months} [Divideoutcommonfactorandunit] \\ \Rightarrow \frac{$2750}{1 month} [Simplify] \end{array}$

So, the equivalent rate of $\frac{$ 33, 000}{1year}$ is $2750 per month.

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Write the equivalent rate.
$\frac{$ 33, 000}{1year} = \frac{? dollars}{1 month}$

Short Answer

Step by step solution

Step 1 . Given

Step 2 .To determine

. Calculation

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Write the equivalent rate.$33,0001year=?dollars1month

Short Answer

Step by step solution

Step 1 . Given

Step 2 .To determine

. Calculation

One App. One Place for Learning.

Most popular questions from this chapter

Recommended explanations on Math Textbooks

Mechanics Maths

Applied Mathematics

Geometry

Theoretical and Mathematical Physics

Statistics

Discrete Mathematics

Study anywhere. Anytime. Across all devices.

Write the equivalent rate.
$\frac{$ 33, 000}{1year} = \frac{? dollars}{1 month}$