What Is the Number 3,000 Written in Scientific Notation Using

question 34

Multiple Choice

What is the number 3,000 written in scientific notation using the proper number of significant figures?

• A)0.003 × 10⁻³
• B)0.3 × 10⁴
• C)3 × 10³
• D)3 × 10⁻³
• E)3.000 × 10³

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Definitions:

Stated Interest Rate

The nominal or advertised interest rate on a loan or bond, not accounting for compounding or fees.

Interest Expense

The cost incurred by an entity for borrowed funds, represented as a financial charge for the privilege of borrowing money.

Bond Issuer

The entity, either a company or government, that borrows funds by issuing bonds.

Bond Premium

The additional amount paid over the face value of a bond, reflecting market interest rates lower than the bond's coupon rate.