Math, asked by love070025, 3 months ago

3.
If interest is 8.7% compounded quarterly, determine the:
a) nominal rate of interest
b) periodic rate of interest
c) effective rate of interest
MINE
NOM
d) equivalent rate of interest compounded monthly
OM
FOUR

Answers

Answered by kondasrinivas019

0

Answer:

( a ) nominal rate of interest.

Step-by-step explanation:

interest is 8.7% compounded quarterly, determine the answer:- a

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