Question

Equivalent rate~
$33,000/1year =$2750/1month How did I get this?

Answer 1

1year = 12 months

Answer 2

1 year = 12 months


So $33,000 /1 year = $33,000/12 months


Now divide each component by 12 to get


33,000/12 = 2750


and


12/12 = 1


So $33,000/12 months = $2750/ 1 month


This means that


$33,000 /1 year = $2750/ 1 month