Question

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?

Answer 1

Answer: 1.36^t

Explanation:

Answer 2

1.32t

Step-by-step explanation:

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