58.3%
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percentage = 8.33% % rate: = 1/12 * 100% = 0.0833 * 100% = 8.33%
Yes.
twelfth
If you divide by seven instead of multiplying by seven, you are off by a factor of 49. Example, to calculate the percentage: 100 x 7 = 700, 100 / 7 = 14.29. The percentage error is about 98%.
Seven and one twelfth