The annual interest rate on a loan is 10% which can be represented using the expression 1.10t. Write an expression that represents the quarterly interest rate.

Given that the interest rate is 10% which can be represented by 1.10t, the quarterly interested rate will be represented as follows:

annual rate=10%

quarterly rate=10/4=2.5%=0.025

given time t, this will be represented as:

(1+0.025) t

=1.025t