Select the appropriate answer:
Assertion(A): In the compound growth formula \(A = P\left (1+\frac{R}{100}\right )^n\), the expression \(\frac{R}{100}\) represents a "fraction in disguise".
Reason(R): Dividing the percentage rate \(R\) by \(100\) converts the percentage into a decimal or fraction before adding it to the baseline whole.