Lakeya knows the quarterly interest rate on her loan is 8% and can be written as the expression 1.084t. what is an expression for the annual interest rate?

answer:

step-by-step explanation:

expression :

this expression represents the quarterly interest

this can be written as :  

comparing it with general form i.e.   --a

where r is rate

n is no. of compounds per year

so,   -- 1

where r is the rate yearly

on comparing   nt = 4t

n = 4

now in 1

so, annual rate = 0.32.

now substitute the r = 0.32 and n =1   in a

hence an expression for the annual interest rate is

12/11c

or

12

c

11

the answer to this question is 3/19

step-by-step explanation: