Answered step by step
Verified Expert Solution
Question
1 Approved Answer
An interest rate of 10% p.a. compounded weekly over 4 years is equal to what simple interest rate per annum over 4 years? A: 10.51%
An interest rate of 10% p.a. compounded weekly over 4 years is equal to what simple interest rate per annum over 4 years?
A: 10.51%
B: 2.63%
C: 10.00%
D: 12.28%
E: 11.60%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started