PLEASE HELP!! Rick uses this exponential expression to determine what the value of his bank account will be in three years. Select the value in the expression that represents the number of times per year that interest is compounded on the account. 5,000(1+0.04/12)^12t

12

Step-by-step explanation:

A compound interest equation is represented as A = P(1 + r/n)^nt, where n=the number of times per year the interest is compounded. In the given equation, n=12.

step-by-step explanation:

the simplified form is

step-by-step explanation:

we want to simplify the expression,

let us change the middle bar to a normal division sign to obtain,

we multiply the first fraction by the reciprocal of the second fraction to obtain,

we factor to obtain,

we cancel the common factors to get,

we simplify to get,

the correct answer is b