Arithmeticmedium · Past Paper
If interest is compounded quarterly, the rate used in the formula is:
AR/2
BR/4
CR/12
D4R
✓ Correct Answer: B — R/4
Quarterly means 4 times a year, so we divide the annual rate by 4.
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✓ Correct Answer: B — R/4
Quarterly means 4 times a year, so we divide the annual rate by 4.
Share this question