Math, asked by behappy4604, 1 month ago

find the Effective rate of interest 8% p.a. payable quartely.

Answers

Answered by aastha158

0

Answer:

What Is an Effective Annual Interest Rate?

The effective annual interest rate is the real return on a savings account or any interest-paying investment when the effects of compounding over time are taken into account. It also reveals the real percentage rate owed in interest on a loan, a credit card, or any other debt.

It is also called the effective interest rate, the effective rate, or the annual equivalent rate.

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