20 points
nora deposited money into her savings account that is compounded annually at an interest rate of 4%. nora thought the equivalent quarterly interest rate would be 3.5%.
is nora correct? if she is, *explain* why.
if she is not correct, state what the equivalent quarterly interest rate is and show how you got your answer.

Ni is not correct. To solve the equivalent quarterly interest rate, the annual interest rate should be multiplied by the correct ratio. Since the annual interest rate is 4% per year. So in 1 quarter is equal to 0.25 year.

(4% / year) (0.25 year/ 1 quarter) = 1% per quarter

-50/3 is the final answer! : )

you would have to sell 24 bracelets.

step-by-step explanation:

84/3.5 = 24