Jackie would like to borrow money at 1.6% interest per quarter, compounded quarterly. Her research indicates that rates for loans are often quoted as annual
rates. Which of the following is the best approximation for the annual rate,
compounded annually, that is equivalent to the rate Jackie wants?

a) 0.25x times 3. (could be wrong on equation.)

b) 2.25 pound of dark chocolate. (can i eat all the chocolate? plz? anyway, again, could be wrong, but i hope im right. all the chocolate together should be 5.25 pounds)

have a good day!

i believe the answer is c.

but which class are u may know that first