Math, asked by mohammad5145, 1 day ago

A sum is taken for 1year at 16% per annum. If the interest is charged quarterly, then the rate for each conversion period will be.

a. 4%
b. 5.33%
c. 8%
d. 16%

Answers

Answered by s6363parth

0

Answer:

a. 4% coorret answerr44rrrrrrrrrrrr4rrrrrrrr

Answered by svjnrml

0

Answer:

option A

Step-by-step explanation:

because

the rate of interest =16% per annum

and the time is =1 year it means 1 annum

formula for rate of interest= SI×100/P×T

I'm taking SIMPLE INTEREST as 4

I'm taking PRINCIPAL as 100

so, 4×100/100×1 year

the answer is 4% per annum

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