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

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

Choose the correct answer:
  • A. 1
  • B. 2
  • C. 3
  • D. 4 ✅ Correct
Explanation:
Quarterly compounding means the interest is compounded 4 times a year

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