The population of monkeys is decreasing at an annual rate of 3% per year. What is the monthly rate of decrease? Round to the nearest hundredth of a percent.

Since there are 12 months in a year, you would divide 3%, which is 0.3 converted to decimal, by 12

0.3 divided by 12 = 0.025

To round that answer by the nearest hundredth, you would look at the last digit.

Since that digit is a five, your rounded answer would be 0.03

ANSWER: 0.03%