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vlada-n [284]
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]2 years ago
4 0

Answer:

I have posted few examples for your question..

Hope it can help you.......

If you understand my answer, you can mark me as a brainlist...

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