Anyone know the answer?? I’ve asked so many times but nobody seems to explain how to get it and just gives the letter so please
explain!! I’ll give brainliest (:
1 answer:
You might be interested in
The answer is "<span>the number of times the account compounds interest</span>".
The general formula is the following:
wherein r is the interest rate compound each four months.
Since there is 3*4 months in a year, then each year we compute the interest Three time, there where the factor 3 comes.
The general formula is the following:
wherein r is the interest rate compound each four months.
Since there is 3*4 months in a year, then each year we compute the interest Three time, there where the factor 3 comes.