Given the Calculation: (2

question 32

Multiple Choice

Given the calculation: (2.343 x 10^-24) /(5.23 x 10⁷) = ?, what is the answer reported to the correct number of significant figures?

• A) 1.225 × 10³¹
• B) 1.22 × 10³¹
• C) 4.48 × 10^-32
• D) 4.47 × 10^-32

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Definitions:

Compounded Semi-Annually

Interest calculation method where the interest is added to the principal at half-year intervals, leading to an increase in the amount of subsequent interest.

Compounded Quarterly

Refers to the process where interest is added to the principal amount four times a year at regular quarterly intervals.

RRSP

A Registered Retirement Savings Plan that allows Canadians to save for retirement on a tax-deferred basis.

RRSP

Registered Retirement Savings Plan, a retirement savings and investing vehicle for employees and the self-employed in Canada that offers tax benefits.