Use the compound interest equation B(t)=124(1+ 0.05/4)^4t to answer the question.
How many times per year is the interest calculated?
4 i think
To find how many times per year the interest is calculated, we need to look at the exponent in the compound interest equation.
In the given equation B(t) = 124(1 + 0.05/4)^(4t), the exponent of (1 + 0.05/4) is 4t.
The exponent represents the number of compounding periods over the given time 't'. In this case, 't' represents the number of years.
Since the exponent is 4t, this means that the interest is calculated 4 times per year.
Therefore, the interest is calculated 4 times per year.