Question

What should be the rate of interest per annum if interest is calculated quarterly? ​

Answer 1

Answer:

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When you are using monthly or quarterly interest rates instead of annual, you can find the appropriate rate by dividing the annual interest rate by the number of periods. For example, a 12 percent annual interest rate divided by four periods is a three percent quarterly interest rate.

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Answer 2

Answer:

I think it may help you

Step-by-step explanation:

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