A sum is taken for two years at 16% p.a. If interest is compounded after every three months, the number of times for which interest is charged in 2 years is:
A. 8
B. 4
C. 6
D. 9
Answer:A
A sum is taken for two years at 16% p.a. If interest is compounded after every three months, the number of times for which interest is charged in 2 years is:
A. 8 B. 4 C. 6 D. 9