Alan says that a growth rate of 12% per year is equivalent to a growth rate of 1% per month because there are 12 months in a year and 12%÷12=1%. Explain why Alan is mistaken, and approximate the correct monthly growth rate that is equivalent to an annual growth rate of 12%. Round to two decimal places. Show your work, please. Thank you!

the answer is 8.64

step-by-step explanation:

step-by-step explanation:

this can be solved first with pythagorean theorem, which tells us to square both legs of the triangle and sum it. this will be equal to the square of the hypotenuse.

the hypotenuse is the side "opposite" the 90 degree angle, which is x.

so we can write using pythagorean theorem,

simplifying:

to further simplify this radical, we need to use the property  

thus

365

step-by-step explanation:

step-by-step explanation:

classify each pair of angles as alternate interior, same-side interior, or corresponding angles.