Answer:
The rates are not equivalent since Maria saves $0.50 more per month than Ralph.
Explanation:
We can determine if two rates are equivalent by comparing the rates at which they save per month.
Maria's savings per month:
Both 50 and 4 can be divided by 2, which gives us 25/2. As a regular number, this becomes 12.5/1 which means Maria saves $12.5 per month.
Ralph's savings per month:
Both 60 and 5 can be divided by 5, which gives us 12. Thus, Ralph saves $12 per month.
Thus, the rates are not equivalent as Maria saves $0.50 more per month than Ralph.