If the interest is credited to your account every 3 months, then the interest is compounded ________

Yearly

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Quarterly

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Monthly basis

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Half yearly

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Solution

The correct option is B
Quarterly

If the interest is credited every 3 months, then the interest is compounded quarterly.

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If the interest is calculated half-yearly , then the interest is credited to your account every ___ months.

8000

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1

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