The sixth grade chorus has a boy to girl ratio of 3: 8 which of the following ratios is equivalent to this ratio? a) 15 boys to 55 girls b) 55 boys to 15 girls c) 40 boys to 15 girls d) 15 boys to 40 girls

answer: the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

step-by-step explanation:

the given rate of interest i= 85%

in calculating the monthly payment for a loan with an interest rate compounded monthly, the value of the interest rate per period we use in the formula must be in decimal form.

to convert it in decimal, we divide it by 100, we get

hence, the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.