HURRY PLEASE!!!!! Lakeya knows the quarterly interest rate on her loan is 8% and can be written as the expression 1.0841 What is an expression for the annual interest rate?

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asked Aug 7, 2021 13.4k views

2 votes

HURRY PLEASE!!!!!

Lakeya knows the quarterly interest rate on her loan is 8% and can be written as the expression 1.0841 What is an expression for
the annual interest rate?

Mathematics
middle-school

Mdicosimo asked

by Mdicosimo

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2 Answers

7 votes

Answer: 1.36^t

Explanation:

Pratikpawar answered Aug 8, 2021

by Pratikpawar

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5 votes

Answer:

1.32t

Step-by-step explanation:

Raise 1.08 to the 4th power. (1.08 ^1/4)^4t=1.36t

Kristjan answered Aug 14, 2021

by Kristjan

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