Question

What is the frequency of the crediting the interest which is given to the customer in a cumulative deposit?
yearly
Quarterly
monthly
Daily​

Answer 1

Answer:

Quarterly

Explanation:

In a cumulative or reinvestment fixed deposit, interest is compounded quarterly. The compounded interest is then reinvested with the principal amount. The maturity period of cumulative fixed deposits ranges anywhere from six months to 10 years.

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Answer 2

$\huge\bf{Qᴜᴇsᴛɪᴏɴ:}$

What is the frequency of the crediting the interest which is given to the customer in a cumulative deposit?

$\huge\bf{Aɴsᴡᴇʀ:}$

Quarterly

$\huge\bf{Mᴏʀᴇ:}$

In a cumulative or reinvestment fixed deposit, interest is compounded quarterly. The compounded interest is then reinvested with the principal amount. The maturity period of cumulative fixed deposits ranges anywhere from six months to 10 years.