Gwenyth deposited money into her savings account that is compounded annually at an interest rate of 15%. Gwenyth thought the equ

Question

2 years ago

8

Gwenyth deposited money into her savings account that is compounded annually at an interest rate of 15%. Gwenyth thought the equ

ivalent quarterly interest rate would be 3.75%. Is Gwenyth correct? If she is, explain why. If she is not correct, state what the equivalent quarterly interest rate is and show how you got your answer.

Mathematics

1 answer:

taurus [48] · Answer 1 · 2022-09-11T13:57:03+03:00

taurus [48]2 years ago

4 0

Answer:

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