ECONOMICS
COMPOUND INTEREST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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How many times a year is annually?
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1
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4
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52
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365
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Explanation:
Detailed explanation-1: -Something that happens annually occurs once a year, every year. If you vacation at the beach annually, you do it every summer.
Detailed explanation-2: -Semiannual means an event that happens twice a year, every six months.
Detailed explanation-3: -Continuous Compounding of Interest If an annual interest rate compounds annually, then it should be compounded once a year. If an annual interest rate compounds semi-annual, then it should be compounded twice a year.
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