Ask Question
18 February, 00:51

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.

A) 1.024t

B) 1.0244t

C) 1.464t

D) 1.4644t

+5
Answers (1)
  1. 18 February, 01:28
    0
    I think D.

    Step-by-step explanation:

    It asked for a quarterly rate so 10 divided by 4 is 0.025.

    Then add it to one and it becomes 1.025t and D is the closest.

    I'm not actually sure if that is right sorry
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The annual interest rate on a loan is 10% which can be represented using the expression 1.10t. Write an expression that represents the ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers