Question

(1) If the interest is compounded quarterly, the time period becomes:​

Answer 1

Answer:

one fourth of annual rate

Step-by-step explanation:

As the compound is compounded quarterly, i.e. 4 parts; rate is divided into quarters, quarterly rate being

4

1

th of the annual rate

Answer 2

If the interest is compounded quarterly, the time period becomes 1/4.

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