Saved Bookmarks
| 1. |
If a fixed amount is withdrawn on the first day of every quarter, for what period the interest on total amount withdrawn will be calculated? |
|
Answer» If the amount is withdrawn at the beginning of each quarter, the interest is calculated on the total money withdrawn during the year, for a period of seven and half months and if withdrawn at the and of each quarter it will be calculated for a period of 4’A months. |
|