0.05
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% rate:= (2000/40000) x 100%= 0.05 x 100%= 5%
3.5% of 40000= 3.5% * 40000= 0.035 * 40000= 1400
40000
Bimonthly means every two months. There are 12 months in a year, so there are 6 bimonthly periods in one year. $40000 divided by six is $6666.66.
2.4% of 40,000= 2.4% * 40000= 0.024 * 40000= 960