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What was the rate of interest earned

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On April 1, Year 2016, Ismail Berhad made a deposit of RM 100,000 in a fund and left the fund undisturbed for four years to earn compound interest at a rate which did not change during the four-year period. At the end of the four years, the fund had accumulated to RM 132,088.60.

Question 1: If interest was compounded quarterly, what was the rate of interest earned?

Question 2: What is the Annual Percentage Rate?

Question 3: What is the Effective Annual Rate (EAR)?

Reference no: EM132650882

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