1.08t can be written as (1.081/12)12t to give the approximate equivalent monthly interest rate based on an annual rate of 8%. use the properties of exponents to transform the expression into a single exponent expression

Because t is given in years and 1.08 = 1 + 0.08, the annual percent increase
is 8%.
To find the monthly percent increase that gives an 8% annual increase,
use the fact that
t =
and the properties of exponents to rewrite the
model in a form that reveals the monthly growth rate.

Answer is either b or c

Idon’t know the answer to this