![\"\"](\"/test/fckeditor/editor/plugins/fckeditor_wiris/integration/showimage.php?formula=94e32dab5911e8c9752772e824cbba33.png\")
.Rate of interest .
Find the effective rate of interest compounded quarterly.
\Effective rate of interest is ![\"\"](\"/test/fckeditor/editor/plugins/fckeditor_wiris/integration/showimage.php?formula=747849135a5690a3431d88446de5c0aa.png\")
.
For quarterly compounded ![\"\"](\"http://www.mathskey.com/test/fckeditor/editor/plugins/fckeditor_wiris/integration/showimage.php?formula=cb37f2b222d50fd4d91c14da0f014be9.png\")
.
Substitute all the values in the equation.
\![\"\"](\"/test/fckeditor/editor/plugins/fckeditor_wiris/integration/showimage.php?formula=cc3cb9c81a1b26f1080cf32932222a00.png\")
![\"\"](\"/test/fckeditor/editor/plugins/fckeditor_wiris/integration/showimage.php?formula=41fb06891c71a3ffac215a5e0a386e6f.png\")
![\"\"](\"/test/fckeditor/editor/plugins/fckeditor_wiris/integration/showimage.php?formula=0cf7c1a4b17519b0ace51c0d2497abad.png\")
![\"\"](\"/test/fckeditor/editor/plugins/fckeditor_wiris/integration/showimage.php?formula=4790afaea558629990069b2d5edfa62e.png\")
![\"\"](\"/test/fckeditor/editor/plugins/fckeditor_wiris/integration/showimage.php?formula=9866ce3e63363b4409e1217c59db345c.png\")
![\"\"](\"/test/fckeditor/editor/plugins/fckeditor_wiris/integration/showimage.php?formula=062c759089a79c420f3fa699519ad159.png\")
Therefore,the effective rate of interest is ![\"\"](\"/test/fckeditor/editor/plugins/fckeditor_wiris/integration/showimage.php?formula=9b23505fe180f4aebd9e2557245d6260.png\")
.
The effective rate of interest is is ![\"\"](\"http://www.mathskey.com/test/fckeditor/editor/plugins/fckeditor_wiris/integration/showimage.php?formula=9b23505fe180f4aebd9e2557245d6260.png\")
.