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Home Verbal Reasoning Arithmetic Reasoning See What Others Are Saying!
  • Question
  • "Compounding frequency" refers to


  • Options
  • A. What type of interest your account earns
  • B. How often your interest is calculated and added back into your account
  • C. What interest rate you can expect from your account
  • D. How easily you can add money into your account

  • Correct Answer
  • How often your interest is calculated and added back into your account 

    Explanation

    Compounding frequency :

    The time periods when interest will be calculated on top of the original loan amount (or) The number of compounding periods in one year.

     

    The greater the compounding frequency, the more often your interest is calculated and added back into your account.

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