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1. What rate of interest compounded annually is the same as the rate of interest of 8% compounded quarterly? O 8.24% O 8.42% O 6.88%

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What rate of interest compounded annually is the same as the rate of interest of 8% compounded quarterly? O 8.24% O 8.42% O 6.88% O 7.90% O 6.91%How long will it take the money to triple itself if invested at 10% compounded semi - annually? O 13.3 years O 11.3 years 11.9 years O 12.5 years O 15.6 years

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