1.06t can be written as (1.061/2)2t to give the approximate equivalent monthly interest rate based on an annual rate of 6%. use the properties of exponents to transform the expression into a single exponent expression.

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Step-by-step explanation: We are given expression .

And expression is converted in .

Now, we need to transform the expression into a single exponent expression using the properties of exponents.

We know, according to the properties of exponents

Applying same rule in given expression, we get

On simplifying exponents, we would get t in exponent.

=  .

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step-by-step explanation: