Question

If the interest is calculated quarterly, then after how many months the interest will be credited to your account?

• A. 4 months
• B. 3 months
• C. 6 months
• D. 12 months

Answer 1

The correct option is B 3 months

Quarterly is <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> $\frac{1}{4}$ of a year, which is equal to $\frac{1}{4}$ × 12 = 3 months.