95.9k views
4 votes
How many times will interest be added to the principal in 1 year if the interest is compounded quarterly? A. 6 B. 12 C. 4 D. 3

2b2t

User DirectX
by
7.5k points

2 Answers

0 votes

Answer: 4

Step-by-step explanation:

User Rsnickell
by
6.8k points
5 votes

Answer:

How many times will interest be added to the principal in 1 year if the interest is compounded quarterly? C. 4

Step-by-step explanation:

Compounding means at the end of every term, the interest adds up to the Principal Amount. Compounded quarterly means, you do it for every three months. So after every three months, your interest will be added to principal.

User Andrew Durward
by
7.1k points