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Multiple Choice Question

In compound interest, if the interest is compounded quarterly, the number of compounding periods in a year is:

  • A
    1
  • B
    2
  • C
    3
  • D
    4
Explanation:
Quarterly compounding means the interest is compounded 4 times a year

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This question belongs to the set "Mathematics Practice Quiz on Simple and Compound Interest". Click below to read detailed notes and attempt the full quiz.

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