asked 208k views
5 votes
A savings account that pays interest every three months is said to have a______ interest rate?

asked
User Xhallix
by
7.7k points

2 Answers

2 votes
It would be a quarterly interest rate. Because of it's interest only 1/4 of the year.

answered
User Technopeasant
by
7.6k points
6 votes
Quarterly (three months = 1/4 year)
answered
User Alimbada
by
8.0k points
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