if you invest £721 for 2 years at a rate of 19% compound interest what will be its value at the end? Answer: 986.58 X an investment of £1265 pays interest at 11% but payable semi-annually. what is the amount after 3 years? Answer: 1679.48 x an investment of £1317 pays interest at 10% 'but payable quarterly what is the amount after 6 years? Answer: 2244.04 X

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Effective Interest Rate

The term interest rate can be defined as the amount that is charged by the lender as a percentage on the principal amount. Interest rate which is charged annually is known as annual percentage rate.