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23 August, 19:56

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

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Answers (1)
  1. 23 August, 20:11
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    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
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