Question

If the interest is compounded quarterly , then the rate of interest per annum ?​

Answer 1

Step-by-step explanation:

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If the rate of interest is annual and the interest is compounded quarterly (i.e., 3 months or, 4 times in a year) then the number of years (n) is 4 times (i.e., made 4n) and the rate of annual interest (r) is one-fourth (i.e., made r4).

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