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anzhelika [568]

3 years ago

9

The annual interest rate on a loan is 10% which can be represented using the expression 1.10t. Write an expression that represen

ts the quarterly interest rate.

1 answer:

exis [7]3 years ago

7 0

Given that the interest rate is 10% which can be represented by 1.10t, the quarterly interested rate will be represented as follows:
annual rate=10%
quarterly rate=10/4=2.5%=0.025
given time t, this will be represented as :
(1+0.025)t
=1.025t

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$\bold{[ \ Answer \ ]}$

$\boxed{\bold{\frac{x^3\left(6x^2+4x-1\right)}{2}}}$

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