Wichael is renting a bicycle for \( \$ 12 \) per hour. Which of the following is equivalent to this rate? a.) 20 cents per minute b.) 5 cents per minute c.) 14 cents per minute d.) 7 cents per minute
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To figure out the equivalent rate per minute, we first convert the hourly rate of \( \$ 12 \) to a per-minute rate. Since there are 60 minutes in an hour, we divide \( 12 \) by \( 60 \), which results in \( \$ 0.20 \) per minute, or 20 cents per minute. So, the correct answer is a.) 20 cents per minute. Renting a bicycle often requires riders to consider time management, especially if you're on a tight schedule. If you start your ride by calculating expenses in smaller increments, like minutes, you'll have an easier time budgeting for your adventure—ensuring you can cycle longer without burning a hole in your wallet!