Calculate the effective rate of interest, if $10 000 grew to $15 000 in 4 years with quarterly compounding.
A) 12.28%
B) 10.67%
C) 4.06%
D) 8.45%
E) 0.85%

Name: Calculate the effective rate of interest, if $10 000 grew to $15 000 in 4 years with quarterly compounding. A) 12.28% B) 10.67% C) 4.06% D) 8.45% E) 0.85%
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The Answer of Calculate the effective rate of interest, if $10 000 grew to $15 000 in 4 years with quarterly compounding.
A) 12.28%
B) 10.67%
C) 4.06%
D) 8.45%
E) 0.85%

Calculate the Effective Rate of Interest, If $10 000 Grew