Question

Earning a periodic interest rate of 2.50% compounded annually. Earning a periodic interest rate of 1.25% compounded semiannually. Earning a periodic interest rate of 0.6% compounded quarterly. Earning a periodic interest rate of 0.2% compounded monthly.

Answer 1

Answer:

a) 1.025%

b) 1.025%

c) 1.0242%

d) 1.0242%

Explanation:

Kindly check the picture attached to see the explaination and Formula used.