BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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How many times do we compound per year if interest is compounded weekly?
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12
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26
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52
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365
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Explanation:
Detailed explanation-1: -This means that interest is added weekly to the account. And as there are 52 weeks in the year, near enough, this means that interest is added 52 times per year.
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