Express the Value in Scientific Notation $\frac { 24,000,000,000,000 } { 0.0000004 }$

question 298

Multiple Choice

Express the value in scientific notation.
- $\frac { 24,000,000,000,000 } { 0.0000004 }$

• A) \(20 \times 10 ^ { 21 }\)
• B) \(20 \times 10 ^ { 20 }\)
• C)6 × 1021
• D) \(6 \times 10 ^ { 20 }\)

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Definitions:

Effective Annual Rate

The genuine rate of interest that an investment, savings account, or loan delivers, factoring in the effects of compounding.

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage rate.

Effective Annual Rate

A measure of interest that accounts for compounding over a year, giving a true reflection of the financial cost or return.

Annual Percentage Rate

The annual rate charged for borrowing or earned through an investment, accounting for all costs.