Spanish, 07.06.2020 12:57 21marmong

Akua borrows GHS 23,000 at a rate of 20% p. a. compounded quarterly for 3 years, what is the annual effective rate of interest (to 2 decimal
places)?
Select one:
a. 21.36%
b. 21.55%
0
c. 15.76%
d. 78.76%

Answers: 3

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Akua borrows GHS 23,000 at a rate of 20% p. a. compounded quarterly for 3 years, what is the annual...

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Akua borrows GHS 23,000 at a rate of 20% p. a. compounded quarterly for 3 years, what is the annual effective rate of interest (to 2 decimalplaces)?Select one:a. 21.36%b. 21.55%0c. 15.76%d. 78.76%

Answers

Another question on Spanish

Akua borrows GHS 23,000 at a rate of 20% p. a. compounded quarterly for 3 years, what is the annual effective rate of interest (to 2 decimal
places)?
Select one:
a. 21.36%
b. 21.55%
0
c. 15.76%
d. 78.76%