Question

3. A sum is taken for one year at 16%. If the interest is compounded after every three months
then how many times will interest be charged in one year? *
1 Pont​

Answer 1

Answer:

8

We know that, the rate of interest is considered after every three months.

In the same way, the time period for amount in a year will four times.

Answer 2

Answer:

therefore the final answer is 8

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