Asked by Tarun
                If the interest on a sum is compounded quarterly, which of the following is necessarily true?                     a)	The effective rate of interest is same for every year.                 b)	 The ratio of interest for the (m + 1) th year to m th year will be same as the ratio of interest for the (n +     1) th  year to n th year.    c)	Both (a) and (b)      d)	Can’t say      
            
            
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