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A savings account that pays interest every 6 months is said to have _______ interest period. A. Quarterly B. Monthly C. Daily D. Semi-annual

2 Answers

4 votes
The answer is Semi-annual
User Plx
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3 votes

Answer:

Option (d) is correct.

A savings account that pays interest every 6 months is said to have SEMI- ANNUAL.

Explanation:

Given: A savings account that pays interest every 6 months

We have to choose the correct option that defines the savings account that pays interest every 6 months isknown as.

a) quaterly- when interest is paid after every 3 months .

b) Monthly - when interest is paid after every month .

c) Daily- when interest is paid after every day .

d) Semi- annual - when interest is paid after every 6 months .

Thus, A savings account that pays interest every 6 months is said to have SEMI- ANNUAL.

User Macario
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