The function gives the annual interest rate r , as a percent, that a bank will pay on its money market accounts, where t is the term (the time the money is invested)in months. What interest rate, to the nearest tenth of a percent, will the bank pay on a money market account with a term of 5 months?
A)1.58%
B)2.55%
C)2.06%
D)1.29%
E) %

Question

The function  gives the annual interest rate r , as a percent, that a bank will pay on its money market accounts, where t is the term (the time the money is invested)in months. What interest rate, to the nearest tenth of a percent, will the bank pay on a money market account with a term of 5 months?
A)1.58% 
B)2.55% 
C)2.06% 
D)1.29% 
E) %

Quizplus · Accepted Answer

The Answer of The function  gives the annual interest rate r , as a percent, that a bank will pay on its money market accounts, where t is the term (the time the money is invested)in months. What interest rate, to the nearest tenth of a percent, will the bank pay on a money market account with a term of 5 months?
A)1.58% 
B)2.55% 
C)2.06% 
D)1.29% 
E) %

The Function Gives the Annual Interest Rate R