Answer:
<u>If the amount is P, with the interest rate of 12%, the interest over the year is:</u>
<u>In this case the quarterly interest rate is:</u>
<u>With the same amount and 3% quarterly rate, the yearly interest would be:</u>
<u>The quarterly interest rate in this case is:</u>
If the quarterly interest rate is r, it should be little less than 3% to yield a 12% yearly rate.
So Kraig is wrong.
You didn’t include any picture or write a question what are we suppose to answer ?:,)
I would saybar chart because it is a set amount of data
