Start learning →

Compounding quarterly means the number of periods per year is:

A9
B4
C6
D8
Answer & Solution
Correct answer: B. 4
1. A quarter is three months long. 2. Four quarters make a year. 3. So the figure is 4. _Source: OpenStax, Contemporary Mathematics, Ch 6 'Money Management'_
Practise this question with Quill — IBPS Clerk →

Keep practising Interest

Browse all Interest questions for IBPS Clerk, or explore more Quantitative Aptitude topics.

Start a Interest lesson →
Related questions
Spot the one that does not fitDoes it raise the interest or lower it?Pick the right answer, quicklyFill the gaps on interestOrder the steps of a loan calculationTrue or false about simple interestWork out the simple interestMatch each term to what it means