Simplify
- $\frac { 15 k ^ { 3 } } { 5 k }$

question 80

Multiple Choice

Simplify.
- $\frac { 15 k ^ { 3 } } { 5 k }$

• A) \(3 \mathrm { k } ^ { 2 }\)
• B) 10
• C) \(3 k\)
• D) \(10 \mathrm { k } ^ { 2 }\)

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Definitions:

Replacement Rate

The ratio of a retiree's pension benefit to their earning before retirement, often used to measure the adequacy of retirement income.

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return.

Market Rate

The prevailing price or interest rate in the market for goods, services, or securities.

Interest

The payment made for the use of (borrowed) money.