Perform the Indicated Operation $\frac { 2 } { 8 } + \frac { 1 } { 8 }$

question 3

Multiple Choice

Perform the indicated operation. Express your answer in simplest form.
- $\frac { 2 } { 8 } + \frac { 1 } { 8 }$

• A) \(\frac { 1 } { 4 }\)
• B) \(\frac { 3 } { 16 }\)
• C) \(\frac { 1 } { 8 }\)
• D) \(\frac { 3 } { 8 }\)

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Definitions:

Compounded Monthly

A process where the interest earned on an investment is calculated and added to the principal each month, thus earning interest on interest.

Equal Payments

Regular payments of the same amount over a specified period.

Interest Earned

The profit gained from investing or saving, typically represented as a percentage of the original investment.

Compounded Quarterly

Interest calculation method where interest is added to the principal sum of a deposit or loan every quarter, influencing the amount in the next quarter.