Question

Find the time period and the rate for each :
a) A sum taken for 1 1/2 years at 10% per annum compounded anually
b) A sum taken for 2 years at 4% per annum compounded quarterly

Answer 1

Answer:

a=5.5

b=8

Step-by-step explanation:

a=11/2=5.5

b=2(4)=8