Use Scientific Notation and the Properties of Exponents to Evaluate $\frac { ( 0.00006 ) ( 2,000 ) } { ( 0.002 ) ( 40 ) }$

question 69

Multiple Choice

Use scientific notation and the properties of exponents to evaluate the following numerical expression. $\frac { ( 0.00006 ) ( 2,000 ) } { ( 0.002 ) ( 40 ) }$

• A) \(1.5\)
• B) \(0.25\)
• C) \(0.015\)
• D) \(2\)
• E) \(0.15\)

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Definitions:

Compound Interest

Compound interest is the addition of interest to the principal sum of a loan or deposit, where interest in one period earns interest in subsequent periods.

Usury Laws

State laws that specify the maximum legal interest rate at which loans can be made.

Loanable Funds

Money available for borrowing, which comes from savings that consumers and businesses put into the financial system.

Real Interest Rate

The interest rate adjusted for inflation, reflecting the true cost of borrowing or the true return on investment.