The equation says
A=p(1+r)^t
A=103(1+0.02)^t
So the interest rate is
0.02*100=2%
Answer is True. We cannot write it in rational form where both numbers are finite integers. In this case we cannot represent this number as fraction of finite integers therefore it is irrational.
7/8 and 5/6, because while the othet pairs of fractions can be simplified down to equal each other, these two cannot.
