juliawhitney545 juliawhitney545
  • 25-04-2018
  • Business
contestada

A savings account that pays interest every three months is said to have a _____ interest period

Respuesta :

jamuuj jamuuj
  • 06-07-2018
Answer;
A savings account that pays interest every three months is said to have a Quarterly interest period. 

Explanation; 
Interest period is the period for which an interest rate is fixed or the period at the end of which interest is payable. It may be an year, a month , or semi-annually or even Quarterly.
Quarterly means 1/4 of an year (3 months). 
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